Sell the British pound | 25 Abril 2023
25 Abril 2023, GBP/USD
GBPUSD is currently very bullish. As we can see on the chart above the price is in a corrective phase (ABC corrective pattern). The market is currently forming the minor wave "b",If you are holding any Buy trade I would advise you to close it at 1.2499, this is where we expect the end of minor wave "b" to be. You can move the stop loss to 1.2466. Should the price break above 1.2499 impulsively this setup will be invalidated. Lastly, it's not advisable to open any buy trade now as it is very risky.
Trade Recommendations:
Sell the British pound
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.
