GBPUSD – Flat
Wave Analysis:
Yesterday, the British pound rallied to the lowerside and even hit the lows of 1.14570 and is showing signs of continuing much lower. On this chart, I am strictly looking for low risk sell positions expecting the sellers to break below 1.10. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should hit the lows of 1.14 and could head much lower towards 1.13.
Trade Recommendations:
We’re sellers towards 1.14.
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