We're long for now | 12 July 2023
12 July 2023, GBP/USD
GBPUSD continues to exhibit strong bullish momentum, indicating the continuation of the impulsive phase. The market is currently in the process of forming the major impulsive wave "V". Our analysis suggests a further upward movement, with a target set at least 1.2984. Reaching this level will signal the completion of the impulsive phase and the subsequent initiation of the corrective phase. If you are currently holding a profitable buy trade, it is recommended to adjust the stop loss to breakeven to safeguard your gains.
Trade Recommendations:
We're long for now
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.
