We're buyers for now | 05 Junio 2023
05 Junio 2023, GBP/USD
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
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.
