We're short for now | 26 Julio 2023
26 Julio 2023, GBP/USD
GBPUSD is currently very bullish, just as we expected it to be. The market formed a double bottom at 1.2811, which is a bullish reversal pattern, and it's now moving to the upside impulsively. Please note that this pair is still in a corrective phase, specifically the ABC corrective pattern. We expect the market to rise at least up to 1.2991; we have marked this zone as our minor corrective wave "b" target. If you are holding a buy order, simply move the stop loss to breakeven to avoid unexpected losses.
Trade Recommendations:
We're short 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.
