GBP/USD: Correctional Growth. | 01 April 2024
01 April 2024, GBP/USD
The pound managed to withstand the pressure exerted by the dollar and prevent its rate from further declining. Now we can try to launch a counterattack and slightly improve our current position, especially since the situation quite favors this.
Currently, the development of a correction is expected, within the framework of which the price may increase slightly. It is assumed that this will be a retest of the previously broken trend line. There is also a high probability of the price wandering within a certain price range, but this will become clear a little later.
For now, it is worth considering the possibility of concluding purchase deals at the current market values.
Investment Idea: Buy 1.2630, Stop Loss 1.2600, Take Profit 1.2700
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.
