The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards...
GBP/USD reached buy target 1.3400
- GBP/USD reached buy target 1.3400
- Next buy target -1.3700
GBP/USD today broke sharply above the resistance zone lying between the resistance level 1.3400 (previous buy target) and the resistance trendline of the wide daily up channel from April, as can be seen below. The breakout of this resistance zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3700.
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