GBPUSD – Flat
Wave Analysis
During the previous trading day, the British pound remained above 1.19492. This is a key level and while the price remains above it, we are looking 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 towards 1.22 and may continue much higher. On the flipside, should the price break and close below 1.19492, then we will be looking for sell orders.
Trade Recommendations:
We’re waiting for buy positions.
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