We're short for now | 03 Noviembre 2023
03 Noviembre 2023, GBP/USD
GBPUSD is currently experiencing a bearish impulsive phase, with the price nearing a resistance zone at 1.2263. Our expectation is for the price to face rejection at this zone, followed by a subsequent downward impulsive movement targeting the support zone at 1.1995. This level represents our target for the outer major impulsive wave 'V.' For a potential short position, you might consider entry below 1.2152, setting a target at 1.1995. It's important to note that this setup would become invalid if the price breaks and closes above the resistance zone of 1.2263.
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.
