We're sellers towars 1.1973 | 07 Marzo 2023
07 Marzo 2023, GBP/USD
GBPUSD is in a short-term downtrend, the market is currently in a corrective phase which is the corrective 3-wave pattern. The market has formed a descending channel from 1.2266 to where the market is now. The price is still within this channel. Again, the market has formed a double top at the major zone/resistance zone (1.2841),(a bearish pattern). I expect this pair to drop at least up to ( 1.1924), break the major zone, retest, and then continue to drop up tour minor corrective wave c,(1.1729).
Trade Recommendations:
We're sellers towars 1.1973
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.
