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We're buyers for now

We're buyers for now | 08 August 2023

08 August 2023, GBP/USD

We're buyers for now

GBPUSD is currently bullish, The market is still in an impulsive phase. The market is currently forming the impulsive major outer wave 'V' which our target is at "1.3598". We expect the market to rise with our first target being at the next immediate resistance zone which is at "1.3132" and last at "1.3598". You can enter the long position now with your target at 1.3132-1.3598, and place your stop loss at "1.2570". Lastly, Ensure you use proper risk management since the market can be so volatile.

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We're buyers for now

Bob Stan
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