GBP/USD Forecast. Wave 2 correction is about to finish soon

gbp-l4Over the past trading day, no significant changes took place. The price essentially stayed put, suggesting that the correction is still in progress. This likely reflects the development of wave 2 within the emerging upward impulse.

If this is the case, a slight pullback is expected before the beginning of the third wave upsurge. Waiting for this dip could provide a favorable entry point for purchasing.

Currently, it is wise to observe the situation from the sidelines, refraining from hasty trading actions.

Investment idea: flat.

GBP/USD. Wave 2 correction is about to finish soon.

Origin: FreshForex

 

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