We expect a bullish move in GBPUSD. The price is currently forming the minor inner wave ‘c.’ It has already formed the minor inner waves ‘a’ and ‘b.’ As shown in the chart above, the price dropped exactly as we expected in yesterday’s analysis on 12/9/2023. The price is currently approaching the resistance zone at 1.2504. You can place a long position with your first target at the resistance zone of 1.2504 and a final target in the range of 1.2667 to 1.2694. Ensure you use proper risk management.
Trade Recommendations:
We’re long for now
Origin: FreshForex
