GBP/USD. The price is poised for growth within a correction. | 12 ديسمبر 2023
12 ديسمبر 2023, GBP/USD
The chart has undergone some changes, aligning with EUR/USD. It is likely that the descending impulse, constituting wave 1, has completed for the considered pair. Currently, there is preparation for a corrective rise, driven by the development of wave 2.
It appears that there is an expectation of an upcoming increase in this instrument as well. Trades can be initiated upon a breakout above the local maximum at 1.2590.
The target for this upward movement could be the level of 1.2675.
Therefore, the investment idea may have the following parameters: Buy at 1.2590, stop loss at 1.2570, take profit at 1.2675.
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.
