GBPUSD – Flat
Wave Analysis
During the previous trading day, nothing much happened on the British pound, the price continued to consolidate above the upper trendline. While the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and may see the price rally to the upperside with the next ideal target set around 1.18 and may continue much higher towards 1.20.
Trade Recommendations:
We’re buyers towards 1.20.
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