We're short for now | 06 Octubre 2023
06 Octubre 2023, GBP/USD
GBPUSD is currently in a phase where, as shown on the chart above, we can see that the price seems to be forming a reversal pattern. The price is in the impulsive phase known as the V-wave pattern, and, as indicated on the chart, we can see that the price is forming the impulsive major outer wave 'V.' Our target for this move is within a major support zone at 1.1995. Lastly, it is important to note that you can place a short position now, with your profit target at 1.1995. If you are holding a short position, consider moving the stop loss to breakeven.
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.
