We're sellers | 25 Enero 2023
25 Enero 2023, GBP/USD
Wave Analysis
GBPUSD has been on an uptrend for the last few days but now it seems the trend changing. The market has already completed forming the major V waves. The market has formed a double top at 1.24404, which shows that buyers are most likely and sellers are likely to be in control soon, again from 1.20819 to 1.24404, the market moved in the form of an ascending channel this increases the probability of this pair selling. What I expect now is for this pair to sell from where it is now,1.23395 to around 1.20851,in form of corrective 3 waves pattern.
Trade Recommendation
We're sellers
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.
