We're short | 17 Febrero 2023
17 Febrero 2023, GBP/USD
GBPUSD has been bearish for the last few days. Currently, the market is in an "ABC" corrective phase we can see on the chart above, the market has formed an expanding wedge from minor corrective wave (a),1.0667, to minor corrective wave (b),1.0788. The price has already broken below the lower trendline of this channel and retested. The market has formed a double bottom at 1.1964. So the market can either buy from this level (1.1964) up to 1.2070 or it can break below this zone (1.1964) and then drop up to 1.1189.
Trade Recommendations:
We're short
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.
