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We're buyers | 30 March 2023

30 March 2023, GBP/USD

We're buyers

GBPUSD is still bullish just as we predicted in our previous analysis. (3/29/23). The market is in a corrective phase ( ABC corrective pattern). Again, this pair is also forming an ascending channel (A bearish reversal pattern). I expect GBPUSD to buy up to (1.2429), Price reaching this zone will mark the end of the corrective phase and that of the minor corrective wave c. If you are holding a buy trade, place your take profit at 1.2429. You can still place a buy order now at 1.2316 (Risk entry).

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We're buyers

Bob Stan
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