We're long for a short time | 27 July 2023
27 July 2023, GBP/USD
GBPUSD is still very bullish. The market is in a corrective phase known as the ABC corrective pattern. We expect the market to continue buying, at least up to 1.2994, which we have marked as our minor corrective wave "b" target. If you have an active buy trade, simply move the stop loss to breakeven to avoid unexpected losses. However, please refrain from entering any new trades now as it is too risky without any confirmation. If you are currently holding a buy trade, just move the stop loss to breakeven to mitigate risks.
Trade Recommendations:
We're long for a short time
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.
