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We're short

We're short | 01 June 2023

01 June 2023, GBP/USD

We're short

GBPUSD is moving exactly as we predicted in our analysis (31/5/2023). The market has formed a falling wedge pattern and experienced an upward impulse. This pair is still in a corrective phase, with the market currently forming the minor wave "c" targeting 1.2538. At present, the market is approaching a major zone or resistance zone. I anticipate that the market will break above this zone with a strong upward movement. Failure to do so would invalidate the setup. Ensure you use proper risk management.

Trade Recommendations:

We're short

Bob Stan
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