GBP/USD. Further Impulse Growth Expected. | 08 March 2024
08 March 2024, GBP/USD
Nothing significantly important or extraordinary happened during the past trading day for the pair under consideration. Activity noticeably increased and came from buyers, as expected. The price is moving steadily higher and has already surpassed this year's maximum.
Ahead lies the local maximum set in December, from which a reaction occurred, leading to a retracement. Before a breakthrough, some accumulation may occur at a certain level.
The observed growth is considered as wave 3 of [v], so there is still a good margin.
In the current situation, previously opened buy positions are recommended to be held.
Investment idea: Buy at 1.2820, stop loss at 1.2790, take profit at 1.3000.
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