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We're long for now

We're long for now | 02 October 2023

02 October 2023, GBP/USD

GBPUSD is currently displaying strong bullish momentum. This currency pair is undergoing a corrective phase within the ABC corrective pattern. Presently, the price is in the process of forming the corrective minor wave 'a,' and our target for this wave is the resistance zone at 1.2479. If you have an active buy order, consider adjusting your stop loss to breakeven. Additionally, you may consider entering a long position at the current level, with a profit target ranging from 1.2416 to 1.2479. Please ensure that you employ proper risk management.

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We're long for now

Bob Stan
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