GBPUSD – Corrective decline may continue

30.08.2023

The British pound as well as the euro tried to improve its position. However, it turned out to be less convincing than the euro and now this growth is more like a correction before the next decline.

Then in the near future we may see another update of the local minimum, which in turn will lead to the completion of the development of the entire correctional structure, which takes the form of a double zigzag.

To make trading decisions, it is worth waiting for the development of the ascending wave and on the corrective pullback to look for opportunities to buy.

Before that, it is worth watching the development of events from the outside.

Recommendations: flat.