We're sellers for now | 23 Agustus 2023

23 Agustus 2023, GBP/USD

GBPUSD: Our bearish sentiment remainWe're sellers for nows strong as the market approaches the completion of the major 'V' wave. Currently, the market is in the process of forming the impulsive 'V' wave. Our projection is for the price to decline from 1.2721, potentially reaching as low as 1.2480, this is a support zone. This level serves as the target for the culmination of the major impulsive 'V' wave. If you're considering a short position, it's appropriate to enter now, targeting a range between 1.2579 and 1.2480.

Trade Recommendations:

We're sellers for now

Bob Stan
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