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We're long for now

We're long for now | 14 July 2023

14 July 2023, GBP/USD

We're long for now

GBPUSD has displayed a bullish trend since the commencement of this week. The market is currently in the process of forming the major impulsive wave "V". Based on our analysis, we anticipate continued upward momentum, with a minimum target set at 1.3259. Reaching this level will signify the completion of the impulsive phase and the subsequent initiation of the corrective phase. Traders who are currently holding profitable buy trades are recommended to adjust their stop loss to breakeven and set their take profit at 1.3259.

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We're long for now

Bob Stan
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