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GBP/USD. The price decided to continue rising.

GBP/USD. The price decided to continue rising. | 20 September 2024

20 September 2024, GBP/USD

GBP/USD. The price decided to continue rising.

The situation on the considered pair also did not develop according to the previously considered plan. Instead of further decline within the correction, the price rushed up and managed to update the maximum of the current year. Buyers clearly do not intend to stop here. Most likely, during the current trading day, we will see a continuation of the growth.
This is due to the further development of an uptrend impulse, namely its third elongating wave. Based on this assumption, the movement potential looks very good, it remains only to follow whether this wave scenario will be implemented.
Buy deals can be tried on the update of the current maximum.
Investment idea: buy 1.3315, stop loss 1.3290, take profit 1.3400.
Bob Stan
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