GBPUSD – Flat
GBPUSD continues its bearish momentum, aligning with our previous analysis (7/19/2023). The market remains within the corrective phase, following the ABC corrective pattern. Presently, the market is forming the minor wave „a“, and we anticipate a further decline with a target set at „1.2526“. If you currently hold a sell trade, consider adjusting your stop loss to breakeven to protect your profits. Additionally, ensure you apply proper risk management techniques to manage your trades effectively.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
