We're short for now | 04 Septiembre 2023
04 Septiembre 2023, GBP/USD
GBPUSD remains in a strongly bearish trend, and the price is declining as predicted in last week's analysis. The price was clearly rejected at the resistance level of 1.2746, highlighting the strength of the sellers. Currently, it is continuing to drop as the market forms the impulsive wave 'V.' We anticipate the price to reach as low as 1.2470, which is our target for the major impulsive wave 'V.' You may consider establishing a short position at 1.2649, with the target remaining at 1.2499-1.2470.
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.
