GBPUSD – Flat
Wave Analysis
Yesterday, the British pound rallied to the upperside and is still continuing to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and will see the price rally to the upperside towards 1.20060. On the flipside, should the price again break and close below the immediate trendline, then this may as well be a good place to consider a possible long term sell position towards the lower trendline.
Trade Recommendations:
We’re buyers towards 1.20060
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