GBPUSD – Flat
Wave Analysis
During the previous trading week, the British pound continued to rally to the upperside and even remains above the upper trendline. While we have price bein above this trendline, I am looking for nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and will see the price break and close above 1.2076 and may see the price towards 1.21.
Trade Recommendations:
We’re buyers towards 1.21.
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