We're buyers for now | 11 Abril 2023
11 Abril 2023, GBP/USD
GBPUSD is still in a bullish trend. This pair is in a corrective phase that's the 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, within this expanding wedge the market formed a descending channel, This is a bullish reversal pattern. Meaning, the bulls are in control. You can place buy orders now with your take profit at 1.3640.
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.
