GBPUSD – Flat
During the previous trading day, the British pound rallied to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below the previous day’s lowest low, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and may see the price accelerate much lower with the next ideal target set around 1.10.
Trade Recommendations:
We’re short for now.
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