GBPUSD – possible nucleation of the lengthening in the third wave of the impulse

07.06.2023

No significant important changes in the pair in question have also occurred. The price remained in a certain range the entire trading day. This is probably due to the formation of the correction in a possible incipient lengthening in the wave 3 of the downtrend.

Then in the near future we can still see a slight growth, after which the price will rush down. The signal to buy in this regard will be the update of the minimum established by the wave 1.

Recommendations: Sell 1.2310, SL 1.2335, TP 1.2000.