We're buyers | 30 Januari 2023
30 Januari 2023, GBP/USD
GBPUSD has been on an uptrend since last week, and the market is yet to complete the V major waves. The market has been forming an expanding channel from major wave III,1.24359, up to 1.23984 where the market is ay now. I expect the market to continue moving to the upside up to around 1.24138 where I expect it to form a double top before reversing to the downside to around 1.22638. Should the market break above 1.24138 which is a major zone, this setup will be invalidated and we will be now looking for buying opportunities.
Trade Recommendations:
We're buyers
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.
