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We're long

We're long | 02 June 2023

02 June 2023, GBP/USD

We're long

GBPUSD is displaying strong bullish momentum and is moving in line with our prediction from yesterday's analysis (6/1/2023). The market remains in a corrective phase, following the ABC corrective pattern. Currently, the market is forming the minor wave "c", with our target set at 1.2562. I anticipate the price will continue to rise toward this zone. Reaching this target will signify the completion of the corrective phase. If you are holding a buy trade, it is recommended to adjust your stop loss to 1.2468 to secure profits, while the take profit should be set at 1.2562.

Trade Recommendations:

We're long

Bob Stan
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