Elliott waves analysis – We’re buyers

GBPUSD – Flat

GBPUSD has been bullish since the beginning of this week. The market is in a corrective phase ( ABC corrective pattern). I expect this pair to buy at least up to 1.2410. The price reaching this zone 1.2410, will mark the end of the corrective phase. You can still open buy orders now with your take profit at 1.2410. Lastly, at 1.2284 there is a minor zone, we should watch this zone, should the market fail to break above it, and form a bearish pattern like a double top, this setup will be invalidated.

Trade Recommendations: We’re buyers

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