15 Juni 2023, GBP/USD
GBPUSD continues to exhibit strong bullish sentiment. The market is still in the process of forming the impulsive major wave 'V', with a target set at 1.2986. At present, the market is approaching a resistance zone at 1.2694. The expectation is for the market to break above this zone with an impulsive move, potentially forming a bullish continuation pattern such as a double bottom. This pattern would indicate further upward momentum, supporting the notion of the market rising toward the target of 1.2986.
Trade Recommendations:
We're buyers for now