GBP/USD. The Pound Attempts to Regain Lost Ground.
GBP/USD. The Pound Attempts to Regain Lost Ground. | 17 April 2024
17 April 2024, GBP/USD
The primary scenario for the GBP/USD pair remains bullish. According to this scenario, the current correction, which takes the form of a simple zigzag, is nearing completion. It was intended to be a response to the previously formed upward impulse movement with a final diagonal triangle as wave [v].
The correction turned out to be shallow, indicating potentially strong buying pressure. However, confirmation is needed, although I would recommend cautious buying now.
Investment Idea: Buy at 1.2435, with a stop loss at 1.2405, and a take profit target at 1.2550.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .