We're short for now | 25 Agosto 2023
25 Agosto 2023, GBP/USD
We remain strongly bearish as the price continues to decline steadily. It is currently in the process of forming the impulsive 'V' wave. Our expectation is for the price to drop to as low as 1.2480. Please note that this zone serves as our target for the major impulsive 'V' wave. Entering a trade at this point would be risky due to the significant market movement. We will wait until the market reaches 1.2480 before considering a trade. If you are currently holding a sell trade, it's advisable to adjust the stop loss to breakeven.
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.
