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wait | 17 August 2018

17 August 2018, GBP/USD

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Wave Analysis

Despite the previous week;s massive drop in the value of Great Britain against the Us Dollar, the cable is yet to show any serious move to the lowerside. Rather, the price is still rallying around a weekly support 1.29697. As long as this level protects the lowerside. We're expecting any clear rebound from this level to make an end to the corrective three wave cycle that any clear rebound signs from 1.2697 will attract a long position.

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