GBP/USD: Low Activity Continues. | 12 June 2024
12 June 2024, GBP/USD
Over the past day, the situation for this pair has remained unchanged. The price stayed at the same levels without making any moves toward a directional movement. Thus, the previously considered scenario remains relevant.
In the near future, we might see a slight price increase. Buying here is not advisable due to the limited movement potential. After this, an impulsive decline is expected, which will complete the formation of a zigzag correction. It is difficult to predict when this movement will start, so for now, we should continue to observe the situation from the sidelines.
Investment Idea: Flat.
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.
