GBP/USD. The price will continue its impulsive growth. | 05 March 2024
05 March 2024, GBP/USD
The British pound managed to reach a local maximum where the movement paused. This is likely a small pause before the next surge to new price highs. It is assumed that the current rise is wave 3 of [v] of the upward impulse.
The situation continues to develop within the framework of the considered scenario, so no corrections are made to it. In the near future, further growth in the specified impulse wave is expected.
Therefore, entering buy positions is the preferred trading decision.
Investment idea: Buy at 1.2700, stop loss at 1.2675, take profit at 1.3000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
