GBP/USD. Short-term reversal. | 11 Octubre 2024
11 Octubre 2024, GBP/USD
The situation on the considered trading pair developed within the framework of the considered scenario during the past day. The price, under pressure from sales, fell deeper and updated the local minimum. Thus, the development of an impulse on a smaller price timeframe has probably been completed.
In this case, the observed attempt to reverse the price movement vector looks like the beginning of a corrective uptrend. Since the decline was quite strong, the response from buyers is expected to be corresponding, and in the near future, we may see a fairly decent upward movement.
Buy deals can be tried opening at current market values.
Investment idea: buy 1.3060, stop loss 1.3035, take profit 1.3200.
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.
