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We're sellers for now | 09 November 2023

09 November 2023, GBP/USD

GBPUSD is currently in a bearish impulsive phase, despite the pullback from the support zone of 1.2258. The price is currently below the support zone of 1.2331. We expect the price to drop impulsively to the downside from the resistance zone of 1.2252, with our target at 1.1882. You can place a short position below 1.2245, with your first profit target at the support zone of 1.2067 and the final take profit at the support zone of 1.1882. Your stop-loss should be at 1.2328. Ensure you use proper risks management.

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We're sellers for now

Bob Stan
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