We're short for now | 26 Octubre 2023
26 Octubre 2023, GBP/USD
GBPUSD is currently in a strong downtrend. The price is decreasing as anticipated in our previous analysis from 10/25/2023, and our target remains at the support zone of 1.1995, representing the endpoint of the major impulsive wave 'V.' It's worth noting that this pair is still in an impulsive phase characterized by the 'V' wave pattern. You might consider initiating a short position if the price falls below 1.2095, with your target set at the range of 1.2034 to 1.1995. Ensure you use proper risk management.
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.
