GBPUSD is displaying strong bullish momentum, as the market remains in an impulsive phase and is currently in the process of forming the impulsive major Wave V.
We have already received a buy confirmation, as evidenced by the formation of a falling wedge pattern, a bullish reversal formation, between major Wave III at 1.2826 and major Wave IV at 1.2606, along with the presence of a double bottom at this level (1.2606). It is advisable to enter a buy order now, with a profit target set at 1.3018.
Origin: FreshForex
