We're short for now | 25 Octubre 2023
25 Octubre 2023, GBP/USD
GBPUSD is still in a downtrend. You can observe that this pair is currently in an impulsive phase, following the 'V wave' pattern. The price was rejected at the resistance zone of 1.22269, and it is presently dropping impulsively to the downside. Our target is the support zone at 1.1995, which aligns with our target for the outer major impulsive wave 'V.' You may consider initiating a short position below '1.2147', with your target set at '1.2034-1.1995'. Ensure you use proper risk management.
Trade Rcommendations:
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.
