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We're short

We're short | 19 July 2023

19 July 2023, GBP/USD

We're short

GBPUSD is currently experiencing a significant decline, aligning with our previous analysis (7/17/2023). The market remains within a corrective phase characterized by the ABC corrective pattern. Presently, the market is forming the minor wave "a", with a target set at 1.2526. Traders who have entered a sell trade and are currently in profit are advised to adjust their stop loss to breakeven, ensuring the preservation of their gains. It is crucial to set the take profit at 1.2526 to secure potential profits.

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We're short

Bob Stan
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