GBPUSD – Expectations for the development of the third impulse wave persist

18.10.2023

The British currency had some problems. The pound could not overcome the marked level, the breakthrough and consolidation of which would be a signal for making buy deals. Probably, it will be possible to overcome this mark during the current trading day and then it will be possible to consider the possibility to conclude deals on purchase.

Growth in the current situation is conditioned by the formation of wave 3 of the emerging upward impulse. The potential for movement in this situation is quite good, so it is recommended to take a close look at purchases.

Recommendations: Buy 1.2230, SL 1.2215, TP 1.2700.