GBP/USD. The corrective decline is not yet complete.
GBP/USD. The corrective decline is not yet complete. | 18 Marzo 2024
18 Marzo 2024, GBP/USD
The situation with the considered pair is unfolding within the framework of the updated scenario. The price is moving downward, presumably forming corrective wave 4 within the expanding diagonal triangle.
The possible target for sales is likely the lower boundary of the specified pattern. In that case, we may see further price decline in the near future.
Subsequently, buyers will likely attempt to resume the upward movement. This will be prompted by the formation of the final wave 5 of [v] of the specified wave pattern. In this scenario, it is advisable to wait for the beginning of the movement and try to buy on the pullback.
Until this moment, it is recommended to stay out of the market and observe developments from the sidelines.
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.