GBP/USD. Expectations of an upward impulsive movement remain. | 14 May 2024
14 May 2024, GBP/USD
The situation with the considered pair is developing as expected. The price managed to rise slightly during the past trading day. Thus, it is likely that wave 3 of the upward impulsive movement has begun to develop. At the moment, this wave is at the very beginning of its formation, which means we may see significant impulsive growth in the near future. Ultimately, this could lead to an update of this year's high, which presents a good potential for buying opportunities. Entering positions can be done at the current market values.
Investment idea: Buy at 1.2560, stop loss at 1.2535, take profit at 1.3000.
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.
