GBPUSD – Waiting for buying activity

05.07.2023

Nothing interesting happened during the last trading day on the trading pair in question. The price remained at the same price values as before without even trying to take any active action.

For this reason, the considered wave scenario remains relevant. It should be mentioned that at the moment the pair is supposed to grow in wave 3 of the ascending impulse, which is a part of the wave [c] of (y), a large corrective structure that is in the final stage of development.

Thus, the probability of growth is still rather high, therefore in the current situation it is necessary to consider the possibility of making buy deals at renewal of the local maximum.

Recommendations: Buy 1.2750, SL 1.2720, TP 1.3200.