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GBP/USD. The price will continue its impulsive growth.

GBP/USD. The price will continue its impulsive growth. | 05 March 2024

05 March 2024, GBP/USD

GBP/USD. The price will continue its impulsive growth.

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.

Bob Stan
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