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We're buyers for now

We're buyers for now | 05 Junio 2023

05 Junio 2023, GBP/USD

We're buyers for now

GBPUSD is presently in a corrective phase, following the ABC corrective pattern. The market has already completed the formation of the minor corrective wave "A" and minor corrective wave "B" and is currently in the process of forming the minor wave "C". Upon the completion of the minor wave "C", the corrective phase will come to an end. The market is currently at a significant zone of support, indicated as "1.2440". I anticipate that the price will form a double bottom pattern at this zone and subsequently rise towards the target of 1.2673.

Trade Recommendations:

We're buyers for now

Bob Stan
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