GBPUSD – Flat
Wave Analysis
During the previous trading day, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. On the hourly chart above, we expect nothing but a possible momentum to the upperside and will see the price rally towards 1.23 and will continue much higher. On the flipside, should the price break and close below 1.19494 and will continue to the lowerside towards 1.17.
Trade Recommendations:
We’re buyers towards 1.23.
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