We're short | 21 July 2023
21 July 2023, GBP/USD
GBPUSD remains highly bearish, displaying a strong downward impulsive movement. The market remains within the corrective phase, adhering to the ABC corrective pattern. Currently, the market is forming the minor wave "a", and our target for this corrective move is at 1.2526. If you have entered a sell trade, you may consider adjusting your stop loss to breakeven to protect your profits. As always, it is essential to implement proper risk management techniques to safeguard your trading capital effectively.
Trade Recommendations:
We're short
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.
