GBP/USD. Price Prepares for a Bullish Impulse. | 25 April 2024
25 April 2024, GBP/USD
The situation is currently unfolding according to the previously considered scenario. The pound is attempting to recover and has partially achieved its goal by halting further decline and initiating a counterattack. The subsequent rise closely resembles an impulse. It's possible that the initial wave is forming in the upcoming bullish movement.
Therefore, during today's session, the price may increase slightly before correcting. During this pullback, it's worth looking for opportunities to enter long positions. The signal may not form today, so it's not recommended to trade in the near future.
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.
