GBPUSD – Sellers Will Sell the Exchange Rate

15.03.2023

Previously discussed possible scenario is also implemented in the pair in question. Now the price is probably forming a correction, which is a zigzag. The growth we see is a part of it and you should not expect a long deliberate move in this regard.

From the current values the price is likely to go down to “complete” the missing part of the correctional model. In this regard, there is a fairly good variant of a Sell deal at the current market values.

Recommendations: Sell 1.2130, SL 1.2155, TP 1.2000.