GBPUSD – The pound has a huge potential to strengthen

14.09.2023

The pound almost lost its vigilance, allowing the dollar to shed the price to renew the local minimum. But in time the buyers were able to quickly bring the price back. But there was no upward movement. Everything became quiet waiting for the next trading day.

In general, the situation has not changed in any way, so the beginning of the formation of wave [3] of the upward impulse is assumed. It is worth to open buy trades in this regard at the update of the local maximum at 1.2545.

Recommendations: Buy 1.2545, SL 1.2510, TP 1.3150.