GBP/USD. Pound is ready to continue its strengthening. | 23 January 2025
23 January 2025, GBP/USD
The sentiment regarding this trading pair, similar to EUR/USD, remains optimistic. The pound managed to improve its position, breaking away from persistent selling pressure. It is believed that the observed rise constitutes a genuine impulse, whose development began at the end of last year.
Currently, it is assumed that the third impulse wave is just beginning to form. If this is indeed the case, the current situation preserves considerable potential for further upside momentum.
Under these circumstances, it is advised to keep previously opened buy positions active. Also, consider the possibility of adding new buy orders at current market levels.
Investment idea: Buy 1.2315, Stop Loss 1.2290, Take Profit 1.2580.
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.
