GBPUSD – Low Activity Persists

12.06.2024

Over the past day, the situation for the considered pair has not changed at all. The price remained at the same levels without making any attempts for a directed movement. For this reason, the previously considered scenario remains relevant.

In the near future, we are likely to see a slight price increase. Buying here is not advisable, as the potential for movement is insignificant. Then, an impulsive decline is expected to complete the correction in the form of a zigzag. It is difficult to say when this movement will begin, so for now, we are observing the situation from the sidelines.

Recommendations: Flat.