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Sell for a very short time

Sell for a very short time | 31 May 2023

31 May 2023, GBP/USD

GBPUSD is really performing well. The market is bullish, just as we had predicted in our previous analysis (30/5/2023). The price has already completed forming the minor wave "a", and as we can see from the chart above, the market is currently forming the minor corrective wave "b". The price is moving in the form of a falling wedge, which is a bullish pattern. We expect the price to drop to our minor wave "b" target at 1.2385, form a double bottom, and then rise up to reach minor wave "c" at 1.2538.

Trade Recommendations:

Sell for a very short time

Bob Stan
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