We're buyers for now. | 14 Marzo 2023
14 Marzo 2023, GBP/USD
GBPUSD is in a corrective phase, the market formed a descending channel from the begging of the major impulsive wave (1) to the end of the major impulsive wave (5), this is a bullish pattern. And as we can see on the chart above the market has already broken above the upper trendline of this descending channel. Again, the market broke above a major zone /resistance level at 1.2065 and retested this is a clear signal that the market is bullish. You can enter buy trades now with your take profit at 1.2389.
Trade Recommendations:
We're buyers for now.
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.
