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GBP/USD. The price may attempt an impulsive decline.

GBP/USD. The price may attempt an impulsive decline. | 19 Enero 2024

19 Enero 2024, GBP/USD

GBP/USD. The price may attempt an impulsive decline.

The previous trading day for the considered pair turned out to be quite dull. Attempts to influence the price were made by both buyers and sellers, but the actual values remained largely the same.
Today, it is believed that we might finally see some movement. Currently, a decline is anticipated, driven by the development of wave 3 of the descending impulse. A breakthrough and consolidation below the designated level at 1.2600 would signal an opportunity to open sell positions.
Until that moment, it is not recommended to take any trading actions.
Investment idea: Sell at 1.2600, stop loss at 1.2625, take profit at 1.2400.

Bob Stan
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