We're long | 29 Juni 2023
29 Juni 2023, GBP/USD
GBPUSD is currently in an impulsive phase and forming the impulsive major wave "V". The market has also formed a falling wedge pattern, which is typically considered a bullish reversal pattern. This falling wedge extends from the major impulsive wave "III" at 1.2848 to the major impulsive wave "IV" at 1.2611. The expectation is that the market will form a double top at 1.2611 and then rise up to 1.3018, which is marked as the major impulsive wave "V". This suggests a potential bullish move in GBPUSD.
Trade Recommendations:
We're long
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.
