Elliott waves analysis – We are sellers.

GBPUSD – Flat

Wave Analysis;

During the previous trading days, the price broke below the resistance level (1.1921-1.1909).Right now the price is rallying around the lower trendline at the impulsive wave cycle five. If you are looking at this pair right now, wait for the price to retrace back at the resistance level then pick a sell around 1.1909.Unless the price breaks above the resistance level, the bears are control.

Trade Recommendations:

We are sellers.

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