We're short for now | 28 Julio 2023
28 Julio 2023, GBP/USD
GBPUSD is currently very bearish. The market is still in a corrective phase (ABC corrective pattern). We can see that the market is making impulsive moves to the downside from minor corrective wave 'b' at 1.2995, and it is currently forming the minor wave 'c'. We expect the market to drop impulsively down to 1.2586. Please note that this zone is our target for the minor wave 'c', and it also serves as a support zone. You can place a sell order now with your take profit at 1.2586. Use proper risk management to mitigate risks.
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.
