GBP/USD: Favorable Long Position on Upward Momentum

18 Nis 2023

In accordance with our analysis from the previous session, the GBP/USD currency pair has exhibited movement consistent with our predictions, having achieved the initial level of take-profit. Moreover, the pair appears to be demonstrating rapid upward momentum, reinforcing our notion of a further sustained bullish trend. As such, our present recommendation is to consider initiating a new long position in GBP/USD in anticipation of continued price appreciation.

18 Nis 2023

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