GBPUSD – Flat
Wave Analysis
During the previous trading day, the British pound rallied to the upperside and is still showing signs of continuing much higher. As it is right now, we are looking for a possible extension of the last impulsive wave (5) to the upperside and may see the price rally much higher towards 1.144640 and could extend much higher. On this chart, we are buyers unless the price breaks and closes below 50.0% fib level.
Trade Recommendations:
We’re buyers towards 1.14460.
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