GBP/USD. Correctional pause before further growth. | 24 September 2024
24 September 2024, GBP/USD
The situation continues to develop within the framework of the considered wave scenario. Currently, presumably, intense work is underway on wave 3 of [iii] in the uptrend impulse. During the current trading day, buyers managed to update the maximum of the current year again.
In the near future, there is a high probability of a corrective decline, the approximate trajectory of the movement is schematically indicated on the graph provided above. In this situation, it is recommended to wait for the development of the specified corrective decrease and only then look for opportunities to buy in order to capture the remaining movement in wave 3 of [iii].
Previously opened buy deals can be partially closed or stop loss on them can be moved as close to the market price as possible.
Investment idea: flat.
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.
