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We're short | 14 June 2023

14 June 2023, GBP/USD

GBPUSD is currently exhibiting strong bullish momentum. It remains in an impulsive phase, with the market currently forming impulsive wave V. Based on this analysis, there is an expectation for the market to continue rising towards the major impulsive wave "V" target at 1.2977. Traders may consider placing a buy order now, with a take profit set at 1.2977 and a stop loss at 1.2493. It is important to note that if the price fails to break above 1.2625, this particular setup may no longer be valid. Please ensure proper risk management when executing trades.

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We're short

Bob Stan
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