GBP/USD. Pound will try to grow again. | 31 October 2024
31 October 2024, GBP/USD
While the euro is persistently trying to improve its position and grow as much as possible, the pound is experiencing certain difficulties even starting to move. The attempt made during yesterday's trading session to start rising was unsuccessful. Sellers quickly extinguished the nascent upward movement and brought the price back to the previously established minimum.
But it's unlikely that buyers will settle for this. During the next trading day, another attempt to grow is expected. It is still due to the formation of the corrective wave [b]. The potential of the movement in this wave looks quite sufficient to try and earn from it. Therefore, it is recommended to consider the possibility of concluding purchase transactions at current market values.
Investment idea: buy 1.2965, stop loss 1.2935, take profit 1.3130.
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