GBPUSD – Flat
Wave Analysis:
The British pound is currently heading to the lowerside. On the daily chart attached, I am looking forward to a possible pullback towards the upper trendline to pick a possible long term sell position towards 1.10 and may likely head much lower. As it is right now, on this chart, only sell positions looks ideal and can safely be recommended. In case the price breaks above the two moving averages, then this will be a good place to consider a possible long term buy positions.
Trade Recommendations:
We’re sellers towards 1.10.
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