We're buyers towards 1.234 | 20 Marzo 2023
20 Marzo 2023, GBP/USD
GBPUSD is currently moving impulsively to the upside as we had predicted in our previous analysis the market is in a corrective phase ( ABC corrective pattern) as we can see on the chart above, the market formed a descending channel from the beginning of the major impulsive wave (1),1.1976 to the end of the major impulsive wave (5),1.1817, descending channels are Bullish reversal patterns. You can open a buy trade now with your first take profit at 1.2267 and second take profit at 1.2369. Your stop loss should be at 1.2126.
Trade Recommendations:
We're buyers towards 1.234
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.
