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GBP/USD. The price will attempt further growth.

GBP/USD. The price will attempt further growth. | 30 September 2024

30 September 2024, GBP/USD

GBP/USD. The price will attempt further growth.

Nothing significantly important has changed on the considered pair. The situation continues to be firmly controlled by buyers, but the price has not yet been able to continue the uptrend. A correction is being formed, the exit from which is expected upwards.
This is due to the development of an elongating wave 3. The expected trajectory of movement for the near future is schematically indicated on the graph provided above.
Thus, after a slight decline, a renewal of the uptrend impulsive movement is expected, during which the formation of wave 3 of [iii] will continue, and possibly be completed.
Buy deals should be opened upon breaking through the current local maximum.
Investment idea: buy 1.3435, stop loss 1.3400, take profit 1.3550.
Bob Stan
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