We're buyers | 29 Marzo 2023
29 Marzo 2023, GBP/USD
GBPUSD has been bullish since the beginning of this week. The market is in a corrective phase ( ABC corrective pattern). Additionally, the market appears to be forming a new trend, as evidenced by the rising wedge pattern seen on the chart. This pattern began from the minor corrective wave A at (1.1825) and is typically seen as a reversal pattern. We have already seen two touches on the upper trendline, and it is recommended to wait for a third touch before entering sell trades. If you currently hold a buy trade, it is advisable to close it at (1.2429).
Trade Recommendations:
We're buyers
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.
