We're short for now | 30 August 2023

30 August 2023, GBP/USD

We're short for now

GBPUSD is still bearish. The price is dropping nicely, and we can see from the chart above that the markets have formed a clear bearish trend. The price is currently at a resistance zone of 1.2654. The market is currently forming the impulsive wave 'V'. We expect the price to drop down to "1.2470". Remember that this zone is our target for the major impulsive wave 'V'. You can consider placing a short position now with your target at 1.2499-1.2470. Note that if the price breaks above the resistance zone of "1.2654", this setup will be invalidated.

Trade Recommendations:

We're short for now

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus