GBP/USD. A Small Correction is Expected. | 26 April 2024
26 April 2024, GBP/USD
The trading pair is moving according to the previously considered scenario. The British currency has risen against the dollar, likely forming an initial upward impulse. In this case, we might see a corrective movement in the opposite direction in the near future.
The expected trajectory of the price movement is indicated on the chart above. By default, the correction is considered as a zigzag. In this situation, it may be worth cautiously selling, aiming to profit from the anticipated pullback movement.
Investment Idea: Sell at 1.2500, with a stop loss at 1.2520, and a take profit at 1.2430.
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.
