We're long for now | 08 Septiembre 2023
08 Septiembre 2023, GBP/USD
GBPUSD: We expect a bullish move as the price is currently at major impulse outer wave "V" at 1.2449. We anticipate the price to rise in the form of a corrective minor three-wave pattern (ABC pattern). You can consider placing a long position at 1.2520 with a target range of 1.2667 to 1.2694. Please note that the price is currently at the support zone (1.2449), and if it breaks below this zone impulsively and closes below it, this setup will be invalidated. Ensure you use proper risk management.
Trade Recommendations:
We're long 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.
