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We're buyers | 24 March 2023

24 March 2023, GBP/USD

We're buyers

GBPUSD is still very bullish though in the lower timeframe, we can see some bearish pullbacks. The market is in a corrective phase ( ABC corrective pattern). I expect the price to be bullish at least up to 1.2410. The price reaching this zone will mark the end of the corrective phase. You can still open buy orders now with your take profit at 1.2410 and the stop loss at 1.2245. If you have any open buy order, hold it and place your take profit at 1.2410 can ho Should the market reverse and break below 1.2204 this setup will be invalidated.

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We're buyers

Bob Stan
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