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We're short | 21 July 2023

21 July 2023, GBP/USD

GBPUSD remains highly bearish, displaying a strong downward impulsive movement. The market remains within the corrective phase, adhering to the ABC corrective pattern. Currently, the market is forming the minor wave "a", and our target for this corrective move is at 1.2526. If you have entered a sell trade, you may consider adjusting your stop loss to breakeven to protect your profits. As always, it is essential to implement proper risk management techniques to safeguard your trading capital effectively.

Trade Recommendations:

We're short

Bob Stan
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