GBPUSD – Flat
GBPUSD is currently in an uptrend since the market broke below the upper trendline of the descending channel. The market is in a corrective phase, the market formed a descending channel from the beginning of the major impulsive wave (1),1.1976 to the end of the major impulsive wave (5),1.1817 this is a bullish pattern. I expect the market to form a double top at (1.2183) and then drop to (1.2079), from this level (1.2079) the price will go up at least up to (1.2308). You can open sell trade but with proper risk management.
Trade Recommendations:
We’re watching for a buy around 1.2035
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