GBP/USD. Expectations for the development of the third wave of the upward impulse remain.
GBP/USD. Expectations for the development of the third wave of the upward impulse remain. | 13 Tháng Năm 2024
13 Tháng Năm 2024, GBP/USD
The situation regarding the GBP/USD pair is currently unfolding within the framework of the expected scenario. It's likely that the development of waves 1 and 2 has concluded, after which the price indicated its intention to rise by beginning to consolidate at an intermediate level.
Furthermore, a rise is anticipated, during which wave 3 of the upward impulse will form. This scenario aligns with the situation unfolding in the EUR/USD pair, where a weakening of the dollar is expected.
In such a case, initiating buy positions upon the renewal of the current local maximum could be a very prospective trading decision.
Investment idea: Buy at 1.2540, with a stop loss at 1.2510, and a take profit at 1.2800.
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