GBP/USD: Price Continues Correction Development. | 18 Junio 2024
18 Junio 2024, GBP/USD
After a fairly strong downward movement, the price has started to decelerate, likely indicating the beginning of the corrective phase in the anticipated zigzag pattern. The expected trajectory is almost horizontal in the near term.
Trading within this narrow price range is not feasible. Therefore, it is recommended to monitor the situation from the sidelines.
If the current local minimum is breached, consider entering short positions.
Investment Idea:Sell: 1.2655Stop Loss: 1.2670Take Profit: 1.2600
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.
