GBP/USD Trading Analysis (02/12/2024)
The trend is down. The currency pair is trading in the range between 365 and 135 ЕМАs. The ascending five-wave truncated structure ended with the break of the pivot 2 of wave 5. There is a bearish divergence on the Awesome Oscillator.
Trade idea:
- Buy on the breach of 1.2678.
- Stop-loss at 1.2750.
- Price targets at 1.2600 and 1.2520.
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