GBPUSD – Expectations of growth in the fifth wave of the impulse are preserved

22.02.2024

The pound is trying to keep control of the situation and gradually resume its strengthening. The situation is still favorable for this. During the past trading day, there were no significant changes, so we continue to consider the previously proposed scenario as the main one.

Impulsive growth is expected in the near future, during which the third wave will be formed, which is a part of the wave [5] of the senior level. The potential of the movement is quite interesting, so it is worth trying to take part in it.

It is possible to conclude transactions at the current market values, the target is 1.3000.

Recommendations: Buy 1.2645, SL 1.2610, TP 1.3000.