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GBP/USD. The pound has a good opportunity for strengthening.

GBP/USD. The pound has a good opportunity for strengthening. | 08 April 2024

08 April 2024, GBP/USD

GBP/USD. The pound has a good opportunity for strengthening.

The situation with this trading pair is also unfolding within the anticipated wave scenario. Currently, it is presumed that an ascending correction is forming, representing a simple zigzag.
Previously, within this model, the development of wave b of [b] completed, and now the price is aimed at an upward movement intended to finish this three-wave pattern. This potential growth offers an opportunity for participation.
The movement's potential allows for the expectation of gaining a certain profit, so it is recommended to be ready for purchases. An optimal entry point could be the level of 1.2640.
Investment idea: Buy at 1.2640, stop loss at 1.2620, take profit at 1.2730.

Bob Stan
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