GBPUSD – Flat
GBPUSD is currently in a strong downtrend. The price is within the bearish impulsive phase known as the V-wave pattern, and from the chart above, we can see that the price is forming the impulsive major outer wave ‚V.‘ Our target for this move is within a major support zone at 1.1995. Lastly, it is important to note that you can place a short position now with your profit target set between 1.2059 and 1.1995. If you are holding a short position, consider moving the stop loss to breakeven. Use proper risk management.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
