GBPUSD – Flat
Wave Analysis
During the previous trading day, British pound rallied to the upperside but is still below the zone 1.18816-1.18296. As long as the price does not break and close out of this range, we are waiting for a rebound from it to pick a long term sell position towards the lower trendline. On the flipside, should the price break and close above this zone, then we will be looking at a possible long term buy position.
Trade Recommendations:
We’re buyers towards 1.198
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