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Look for low risk buy orders

Look for low risk buy orders | 13 July 2023

13 July 2023, GBP/USD

Look for low risk buy orders

GBPUSD remains strongly bullish, with the impulsive phase expected to continue. The market is presently in the formation of the major impulsive wave "V". Our analysis indicates further upward momentum, targeting a minimum of 1.2984. Reaching this level will mark the completion of the impulsive phase and the start of the corrective phase. For traders currently in a profitable buy trade, it is advisable to adjust the stop loss to breakeven and set the take profit at 1.2984 to secure potential gains.

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Look for low risk buy orders

Bob Stan
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