We're pulling back upwards | 29 Septiembre 2023
29 Septiembre 2023, GBP/USD
GBPUSD is currently exhibiting strong bullish momentum. This pair is in a corrective phase following the ABC corrective pattern. Presently, the price is forming the corrective wave 'a'. We anticipate the price to rise, targeting at least the resistance zone at 1.2479 for the minor wave 'a'. If you have an active buy order and entered a long position on September 28, 2023, move the stop loss to breakeven. Alternatively, you can consider initiating a long position now with a profit target range of 1.2416 to 1.2479.
Trade Recommendations:
We're pulling back upwards
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.
