We're short from 1.2466 towards 1.18. | 20 نوفمبر 2023
20 نوفمبر 2023, GBP/USD
Regarding GBPUSD, it's evident that the price exhibited strong bullish momentum towards the end of last week (17/11/23); however, this does not alter the overall bearish trend. The pair is currently in an impulsive phase, forming the outer major impulsive wave 'V,' which we anticipate reaching 1.1819. Our expectation is for the price to decline towards the support zone of 1.1819, serving as our target for the major outer wave 'V.' Consider initiating a short position at 1.2376 with a profit target set at 1.1819.
Trade Recommendatioins:
We're short from 1.2466 towards 1.18.
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.
