GBP/USD Trading Analysis (10/02/2025)
The trend is up. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the 1.2422 level (pivot 2 of wave С).
- Stop-loss at 1.2360.
- Price targets at 1.2520 and 1.2550.
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