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We're long temporarily

We're long temporarily | 14 September 2023

14 September 2023, GBP/USD

GBPUSD is currently very bullish, but the market is in a corrective phase. As we can see from the chart above, the price is currently forming the minor wave "a," and we have set our target at the resistance zone of 1.2514. The price is almost reaching this zone, so I would not advise anyone to enter a long position now and instead wait for the price to reach the zone. Furthermore, note that if the price breaks above 1.2514, this setup will be invalidated. Ensure you a use proper risk management.

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We're long temporarily

Bob Stan
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