GBPUSD is moving exactly as we predicted in our analysis (31/5/2023). The market has formed a falling wedge pattern and experienced an upward impulse. This pair is still in a corrective phase, with the market currently forming the minor wave “c” targeting 1.2538.
At present, the market is approaching a major zone or resistance zone. I anticipate that the market will break above this zone with a strong upward movement. Failure to do so would invalidate the setup. Ensure you use proper risk management.
Origin: FreshForex
