26 July 2023, GBP/USD
GBPUSD is currently very bullish, just as we expected it to be. The market formed a double bottom at 1.2811, which is a bullish reversal pattern, and it's now moving to the upside impulsively. Please note that this pair is still in a corrective phase, specifically the ABC corrective pattern. We expect the market to rise at least up to 1.2991; we have marked this zone as our minor corrective wave "b" target. If you are holding a buy order, simply move the stop loss to breakeven to avoid unexpected losses.
Trade Recommendations:
We're short for now