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GBP/USD. Impulsive growth resumes.

GBP/USD. Impulsive growth resumes. | 02 May 2024

02 May 2024, GBP/USD

GBP/USD. Impulsive growth resumes.

The situation with the considered pair is also unfolding as expected. Dollar pressure is once again being overcome, and the exchange rate of the British currency has returned to the local maximum. It is likely that in the near future we will see further growth and the updating of the current local maximum.
The upward movement is expected within the development of the third impulse wave and promises to be quite powerful and lasting. Therefore, it is recommended to seriously consider the possibility of entering buy positions when the local maximum is updated.
Investment idea: Buy at 1.2550, stop loss at 1.2525, take profit at 1.2670.

Bob Stan
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