GBP/USD Trading Analysis (21/12/2023)

The trend is ascending. The formation of the downward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Buy at the breach of 1.2650.

Stop-Loss at 1.2620.

Target price levels at 1.2682 and 1.2757.

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