GBPUSD – The rate of decline will increase

02.08.2023

The situation on the pair under consideration will continue to develop within the assumed scenario. According to it, the formation of the final diagonal triangle, which is the final part of the double zigzag, was completed earlier.

The mentioned pattern is a strong enough signal of reversal and directed movement in the opposite direction. The beginning of this movement has already been made, now further impulsive decline is expected.

It is possible to open trades in this situation at current market values.

Recommendations: Sell 1.2740, SL 1.2765, TP 1.2300.