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We're long for now

We're long for now | 12 July 2023

12 July 2023, GBP/USD

We're long for now

GBPUSD continues to exhibit strong bullish momentum, indicating the continuation of the impulsive phase. The market is currently in the process of forming the major impulsive wave "V". Our analysis suggests a further upward movement, with a target set at least 1.2984. Reaching this level will signal the completion of the impulsive phase and the subsequent initiation of the corrective phase. If you are currently holding a profitable buy trade, it is recommended to adjust the stop loss to breakeven to safeguard your gains.

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We're long for now

Bob Stan
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