We're sellers for now | 06 Septiembre 2023
06 Septiembre 2023, GBP/USD
GBPUSD remains in a bearish trend, and the price is dropping as predicted in our previous analysis from 5/9/2023. As seen on the chart above, the price has already broken below the support zone at "1.2569", indicating the continued strength of sellers. The market is currently forming the impulsive wave 'V,' and our target for this major impulsive wave is at "1.2470". You can consider entering a short position at 1.2565, with the target range remaining at 1.2499-1.2470. Use proper risk management.
Trade Recommendations:
We're sellers 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.
