We're sellers | 08 Marzo 2023
08 Marzo 2023, GBP/USD
Currently, 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 and still, the price is moving within this channel. The market is dropping perfectly as we had anticipated yesterday. The price is likely to drop at least up to 1.1729. If you have any open sell trade I'd advise you to hold it, our target is 1.1729. Again you can still open a sell trade (late entry) with your profit target at 1.1729.
Trade Recommendations:
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.
