GBP/USD. Expectations of a corrective uptrend in the pair remain. | 08 October 2024
08 October 2024, GBP/USD
The situation on the considered trading pair during the past trading day also underwent minor changes. Buyers have not yet been able to switch to providing a worthy response to the decline. Instead, the course slipped lower and updated the local minimum. But immediately after that, buyers activated, managing to regain half of what was lost during the past trading day.
In the future, it is expected that the price will rise even stronger. This is due to the need to develop an appropriate correction. Given this, it is currently worth considering the possibility of concluding buy deals at current market values.
Investment idea: buy 1.3100, stop loss 1.3080, take profit 1.3200.
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.
