GBP/USD Trading Analysis (05/09/2025)
The trend is down. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator.
Trade idea:
- Sell when the descending wave structure begins to form.
- Stop-loss at 1.3472.
- Price targets are 1.3416 and 1.3360.
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