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GBP/USD. Expectations of Impulsive Growth Remain.

GBP/USD. Expectations of Impulsive Growth Remain. | 18 Abril 2024

18 Abril 2024, GBP/USD

GBP/USD. Expectations of Impulsive Growth Remain.

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.

Bob Stan
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