We're sellers for now | 28 Agustus 2023

28 Agustus 2023, GBP/USD

Our bearish outlook remains strong as the price continues its downward trend. The market is close to completing the major wave 'V,' and it is currently in the process of forming the impulsive wave 'V.' We anticipate the price to decline to the level of 1.2480. It's important to note that this zone serves as our target for the major impulsive wave 'V.' For those willing to take on a risk entry, you might consider placing a short position with a target range of 1.2516 to 1.2480. If you are already holding a sell trade, it's advisable to adjust your stop loss to breakeven.

Trade Recommendations:

We're sellers for now

Bob Stan
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