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GBP/USD. Expectations of a corrective uptrend in the pair remain.

GBP/USD. Expectations of a corrective uptrend in the pair remain. | 08 October 2024

08 October 2024, GBP/USD

GBP/USD. Expectations of a corrective uptrend in the pair remain.

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.
Bob Stan
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