We're short towards 1.2369 | 20 Septiembre 2023
20 Septiembre 2023, GBP/USD
GBPUSD is currently very bearish. The price has been consolidating since the beginning of this week, September 18, 2023. We can see from the chart above that this pair is in an impulsive phase and is currently forming the impulsive major wave 'V'. We expect the price to drop, reaching at least the support zone at 1.2369. Our final target, however, is at 1.2302, where we anticipate the major impulsive wave 'V' to reach. You can place a short position now with your profit target set between 1.2369 and 1.2302. Ensure that you use proper risk management.
Trade Recommendations:
We're short towards 1.2369
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.
