GBPUSD – Flat
Wave Analysis
Perfectly as previously forecasted, the British pound failed to break above the zone 1.14640-1.14266. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break below 1.13070 and will likely continue much lower with the next ideal target set at 1.11.
Trade Recommendations:
We’re sellers towards 1.11.
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