GBPUSD – Flat
During the previous trading days, the price rebounded from the lower trendline towards the upper trendline at the corrective wave cycle two. The price then bounced back at the corrective wave cycle three but then rebounded towards the upper side at the corrective wave cycle four. Right now the price is on the lower trendline at the impulsive wave cycle five, I expect a further bearish momentum. If you are looking at this pair right now, wait for a clear break below then pick a sell.
We are on the sidelines.
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