We're buyers for now | 11 September 2023
11 September 2023, GBP/USD
GBPUSD is likely to experience a bullish move, and we expect a rise in price. Currently, the price is at the major outer wave "V" at 1.2449. We anticipate the price to ascend in the form of a corrective minor three-wave pattern known as the ABC pattern. You may consider opening a long position at 1.2520 with a target range of 1.2667 to 1.2694. It's essential to note that the price is presently at a support zone (1.2449), and if the price breaks below this zone impulsively and closes below it, this setup will be invalidated.
Trade Recommendations:
We're buyers for now
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
