We're long for now | 14 July 2023
14 July 2023, GBP/USD
GBPUSD has displayed a bullish trend since the commencement of this week. The market is currently in the process of forming the major impulsive wave "V". Based on our analysis, we anticipate continued upward momentum, with a minimum target set at 1.3259. Reaching this level will signify the completion of the impulsive phase and the subsequent initiation of the corrective phase. Traders who are currently holding profitable buy trades are recommended to adjust their stop loss to breakeven and set their take profit at 1.3259.
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.
