GBP/USD Trading Analysis (13/02/2024)

The trend is descending. The upward truncated wave structure finished with the breach of the sloping channel. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy at the breach of 1.2605.

Stop-Loss at 1.2654.

Target price levels at 1.2550 and 1.2520.

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