We're long for now | 16 June 2023

16 June 2023, GBP/USD

We're long for now

GBPUSD has experienced a decisive breakout above the resistance zone at 1.2668, aligning with our previous analysis (6/15/2023). The pair is still in the process of completing the impulsive phase. The bullish breakout above the resistance zone serves as a strong confirmation of the bullish sentiment in the market. As a result, it is now appropriate to consider entering buy orders. For buy positions, it is advisable to set a take-profit target at the major impulsive wave 'V,' which is projected to reach 1.3312.

Trade Recommendations:

We're long for now

Bob Stan
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