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We're short for now

We're short for now | 26 July 2023

26 July 2023, GBP/USD

GBPUSD is currently very bullish, just as we expected it to be. The market formed a double bottom at 1.2811, which is a bullish reversal pattern, and it's now moving to the upside impulsively. Please note that this pair is still in a corrective phase, specifically the ABC corrective pattern. We expect the market to rise at least up to 1.2991; we have marked this zone as our minor corrective wave "b" target. If you are holding a buy order, simply move the stop loss to breakeven to avoid unexpected losses.

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We're short for now

Bob Stan
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