We're short for now | 17 Noviembre 2023
17 Noviembre 2023, GBP/USD
On GBPUSD, the pair is currently in an impulsive phase, forming the outer major impulsive wave 'V.' Despite a slight pullback to the upside (1.2376-1.2456), the overall trend remains bearish. As observed in the chart above, the price is descending from major outer wave 'v,' and we anticipate it to reach the support zone of 1.1819. This serves as our target for the major outer wave 'V.' Consider placing a short position now, with your profit target set at 1.1819. 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.
