GBP/USD. A correctional reduction is being formed. | 19 Septiembre 2024
19 Septiembre 2024, GBP/USD
The situation on the considered pair continues to develop within the framework of the previously selected main wave scenario. As expected, buyers tried to grow, updated the local maximum and retreated after receiving a response.
In the near future, another attempt to break through to the top is unlikely to be made. More likely, the price will continue to fall, forming a correctional structure in the form of a zigzag.
Only after that, buyers will decide to try to storm the previously set maximum in order to update it as much as possible. The situation is conducive to this, as this uptrend can fit into the structure of the third impulsive wave of an uptrend impulse.
Thus, it remains to wait for the completion of the formation of the correction and look for opportunities to enter buy deals.
Investment idea: flat.
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.
