We're short | 01 Junio 2023

01 Junio 2023, GBP/USD

We're short

GBPUSD is moving exactly as we predicted in our analysis (31/5/2023). The market has formed a falling wedge pattern and experienced an upward impulse. This pair is still in a corrective phase, with the market currently forming the minor wave "c" targeting 1.2538. At present, the market is approaching a major zone or resistance zone. I anticipate that the market will break above this zone with a strong upward movement. Failure to do so would invalidate the setup. Ensure you use proper risk management.

Trade Recommendations:

We're short


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.
Bob Stan
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