GBPUSD – Flat
GBPUSD is currently in a bearish impulsive phase. From the chart above, the price has not broken above the resistance zone at 1.2185. Additionally, the price has formed an ascending channel, indicating that the short uptrend has concluded. We anticipate the price to drop impulsively from the resistance zone to the downside, with our target set at the support zone at 1.1995. This level serves as our target for the outer major impulsive wave ‚V‘. Consider placing a short position below 1.2152, with the target set at 1.1995.
Trade Recommendations:
We’re short for now
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