GBPUSD – Beginning of corrective growth

18.07.2022

There is also a promising buy situation for the pair under consideration. Earlier, presumably, the formation of a downward impulse was completed, which means that now the price is ready to form a good corrective growth. How it will actually come out will become clear over time, but the potential looks very worthy.

At the moment, the pound is rising cautiously and it is expected that during the day the movement of the pair in the upward direction will continue. In this regard, it is recommended to take a closer look at the possibility of concluding buy deals at current market values.

Recommendations: Buy 1.1890, SL 1.870, TP 1.2050.