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We're short towards 1.2369

We're short towards 1.2369 | 20 September 2023

20 September 2023, GBP/USD

GBPUSD is currently very bearish. The price has been consolidating since the beginning of this week, September 18, 2023. We can see from the chart above that this pair is in an impulsive phase and is currently forming the impulsive major wave 'V'. We expect the price to drop, reaching at least the support zone at 1.2369. Our final target, however, is at 1.2302, where we anticipate the major impulsive wave 'V' to reach. You can place a short position now with your profit target set between 1.2369 and 1.2302. Ensure that you use proper risk management.

Trade Recommendations:

We're short towards 1.2369

Bob Stan
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