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GBP/USD. Expectations of impulsive growth in the fifth wave remain.

GBP/USD. Expectations of impulsive growth in the fifth wave remain. | 13 February 2024

13 February 2024, GBP/USD

GBP/USD. Expectations of impulsive growth in the fifth wave remain.

During the previous trading day, there were no significant changes in the considered pair. The price continues to gather strength for a decisive directional movement.
The current situation remains favorable for growth. This is because there is an expectation of the development of the final wave of the upward impulse. It is highly probable that during this movement, there will be a new high above the December peak of last year.
Therefore, there is still good potential for entering buy positions. Positions can be opened at the current market values.
Investment idea: Buy at 1.2620, stop loss at 1.2600, take profit at 1.2900.

Bob Stan
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