Trade Recommendation: We're buyers | 11 Enero 2023
11 Enero 2023, GBP/USD
Wave Analysis
GBPUSD Has been on a strong uptrend from 1.06693, it is yet to finish forming the impulsive 5wave pattern, the market is currently at a Major impulsive wave IV 1.18431, I expect an impulsive move to the upside up to 1.26462 which is likely to be the end of major wave V and the major impulsive 5-Wave in general, we can pick a buy at the break of major wave III 1.24419 if the price fails to break above this level and instead breaks below major wave I the set up will be invalidated.
Trade Recommendation:
We're buyers
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.
