GBPUSD is exhibiting strong bullish momentum, indicating a continuation of the impulsive phase. The market is presently forming the major impulsive wave “V”.
Our expectation is for a further rise, targeting at least 1.2984. Reaching this price level will signify the completion of the impulsive phase and the initiation of the corrective phase. If you are currently in a profitable buy trade, it is advisable to adjust the stop loss to breakeven to protect your profit.
Origin: FreshForex
