GBP/USD. Expectations of Impulsive Growth Remain. | 18 Abril 2024
18 Abril 2024, GBP/USD
The pound is not rushing events, limiting itself to halting the pressure from the dollar and cautiously probing and searching for weak points in the opponent's defense. Since there were no significant changes during the last trading day, the previously considered scenario remains relevant.
According to it, the formation of a correction, taking the form of a simple zigzag, has likely been completed. Therefore, we may see the beginning of a strong and prolonged upward movement, which will take on an impulsive form.
Consequently, initiating long positions appears to be a promising trading decision in this regard.
Investment Idea: Buy at 1.2470, Stop Loss at 1.2450, Take Profit at 1.2560.
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.
