We're buyers | 10 Abril 2023
10 Abril 2023, GBP/USD
GBPUSD is currently in a bullish trend. The market is in a corrective phase (ABC corrective pattern). As we can see on the chart above the market formed a bullish continuation pattern, an expanding wedge, forming a minor corrective wave "a" 1.2445 to where the market is now which is at 1.2394. Again, if we can check in the lower time frame (4H timeframe), we can see that the market is currently correcting to the downside inform of a descending channel, this is a bullish reversal pattern. I expect this pair to buy up to 1.3640.
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.
