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GBP/USD. Price Prepares for a Bullish Impulse.

GBP/USD. Price Prepares for a Bullish Impulse. | 25 April 2024

25 April 2024, GBP/USD

GBP/USD. Price Prepares for a Bullish Impulse.

The situation is currently unfolding according to the previously considered scenario. The pound is attempting to recover and has partially achieved its goal by halting further decline and initiating a counterattack. The subsequent rise closely resembles an impulse. It's possible that the initial wave is forming in the upcoming bullish movement.
Therefore, during today's session, the price may increase slightly before correcting. During this pullback, it's worth looking for opportunities to enter long positions. The signal may not form today, so it's not recommended to trade in the near future.
Investment Idea: Flat.
Bob Stan
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