We're long | 14 April 2023

14 April 2023, GBP/USD

GBPUSD has been bullish since the beginning of this week. Currently, the market is forming the "V" major impulsive wave pattern. However, starting from the major impulsive wave (I) at 1.2187, the market has been moving in an ascending channel, which is a bearish reversal pattern. Additionally, the price has formed a bearish pattern, indicated by a small ascending channel within this ascending channel, ranging from 1.2482 to 1.2535. This pair will likely experience a slight drop to around 1.2488 before continuing with the bullish trend up to 1.2649.

Trade Recommendations:

We're long

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus