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We're buyers for now

We're buyers for now | 30 May 2023

30 May 2023, GBP/USD

We're buyers for now

GBPUSD is currently in a corrective phase, following an ABC corrective pattern. Over the last 8 hours, the market has been consolidating, resulting in the formation of a bullish pennant pattern. This pattern suggests that the price is still strongly bullish. We anticipate the market to remain bullish for at least the next few days. To take advantage of this bullish sentiment, you may consider opening a buy trade. Set your take profit at 1.2488 and your stop loss at 1.2332. Ensure you use proper risk management.

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We're buyers for now

Bob Stan
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