GBP/USD. The price may undergo a correction. | 28 January 2025
28 January 2025, GBP/USD
The situation with the pair developed during the day according to the previously considered scenario. The British currency continued to rise, and this trend may persist in the near future. This is due to the formation of wave 3 of the upward impulse, which, apparently, is also extending.
Local targets for this wave are likely to be reached soon, so it’s not advisable to consider the current situation for buying opportunities. Further, a correction is expected, which will lead to a pullback and trading within a certain price range.
Therefore, it is recommended to wait for the completion of this correction and then look for opportunities to enter buy positions.
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.
