GBP/USD: Upward Movement to Resume. | 17 May 2024

17 May 2024, GBP/USD

GBP/USD: Upward Movement to Resume.

The situation with this pair is similar to what is currently observed with EUR/USD. After setting a new local high, the upward movement paused, and the price began to pull back. This minor decline is likely part of an ongoing internal correction. Consequently, the price may start rising again soon, continuing the formation of wave 3 of the ascending impulse.
It is recommended to open buy trades in this situation upon the update of the current local high. The target for this movement is at the 1.2900 level.
Investment Idea: Buy at 1.2700, stop loss at 1.2675, take profit at 1.2900.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus