GBPUSD is displaying strong bullish momentum and is moving in line with our prediction from yesterday’s analysis (6/1/2023). The market remains in a corrective phase, following the ABC corrective pattern. Currently, the market is forming the minor wave “c”, with our target set at 1.2562.
I anticipate the price will continue to rise toward this zone. Reaching this target will signify the completion of the corrective phase. If you are holding a buy trade, it is recommended to adjust your stop loss to 1.2468 to secure profits, while the take profit should be set at 1.2562.
Origin: FreshForex
