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 …