We're short | 04 May 2023
04 May 2023, GBP/USD
GBPUSD has successfully completed the corrective phase, just as we predicted in our previous analysis (2/5/20323). Again, we can see from the chart above the market has formed an inner "V" wave pattern from the beginning of the previous corrective phase (124.34), and since the inner impulsive wave is complete, the market is currently in a corrective phase (ABC corrective pattern). I expect the price to drop at least up to 1.2537 which is our minor corrective wave "a" target. You can place sell orders now.
Trade Recommendations:
We're short
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
