Elliott waves analysis – We’re short


GBPUSD is currently exhibiting strong bearish momentum. As evident from the chart above, this pair is in an impulsive phase and is presently forming the major impulsive wave ‚V.‘ We anticipate the price will decline, with a minimum target of the support zone at 1.2369. Our ultimate target for the completion of the major impulsive wave ‚V‘ is set at 1.2302. You can consider entering a short position now, with your profit target range between 1.2369 and 1.2302. Be sure to implement proper risk management strategies.

Trade Recommendations:

We’re short

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