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