GBP/USD Forecast. The price continues to trade within a specific range

gbp_usd_forexThe most uneventful situation at the moment is unfolding precisely with the GBP/USD pair. The price is clearly staying within certain boundaries, moving horizontally inside a channel. Corrections are forming in this manner. It is believed that this correction is wave 2 in the emerging downward impulse. Therefore, the exit from it is expected to be downward.
All that remains is to wait for the moment of a true breakthrough and directional movement. It’s difficult to predict when this might happen, so patience is necessary.

It is not recommended to consider this pair for trading until a breakout from the channel occurs.

Investment idea in this regard: flat.

GBP/USD. The price continues to trade within a specific range.

Origin: FreshForex

 

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply