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GBP/USD. Uncertainty.

GBP/USD. Uncertainty. | 04 January 2024

04 January 2024, GBP/USD

GBP/USD. Uncertainty.

The situation with the considered pair continues to unfold as expected. After completing the correction in the form of a double zigzag, the price moved downward. This decline appears to be impulsive; however, the final fifth wave is yet to be completed. Its development might be observed in the near future, as the price is currently showing serious intentions to rise, and there is also a corrective rise in EUR/USD. Nevertheless, uncertainty prevails at the moment. It is recommended to stay out of the market and observe the developments from the sidelines, waiting for the situation to clarify.

Investment idea: Flat.

Bob Stan
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