We're Sellers for now | 10 Noviembre 2023
10 Noviembre 2023, GBP/USD
On GBPUSD, which is currently in an impulsive phase, we can see the price dropping impulsively to the downside just after the consolidation at 1.2273. The price has also broken below the support zone of 1.2331, confirming that bears are in control. We expect the price to drop impulsively to the downside from the resistance zone of 1.2252, targeting 1.1882. You might consider placing a short position with your first profit target at the support zone of 1.2067 and the final take profit at 1.1882.
Trade Recommendations:
We're Sellers 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.
