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We're buyers | 13 April 2023

13 April 2023, GBP/USD

We're buyers

GBPUSD is currently very bullish just as we had predicted in our previous analysis that is of date 12/4/2023.his pair is currently in a corrective phase, following an ABC corrective pattern. As can be seen on the chart above, the market has formed a bullish continuation pattern, an expanding wedge, starting from minor corrective wave "a" at 1.2445 to where the market is currently at 1.2394. Again, within this expanding wedge, the market has formed a descending channel, which is a bullish reversal pattern, indicating that the bulls are in control. I expect this pair to be bullish for the next few days.

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We're buyers

Bob Stan
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