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We're short from 1.33015 with our take profit at 1.26781.

We're short from 1.33015 with our take profit at 1.26781. | 02 April 2019

02 April 2019, GBP/USD

We're short from 1.33015 with our take profit at 1.26781.

Wave Analysis

Not much happening on this pair, the cable is still below the level 1.33015. We expect the bounce from this level(1.33015) to have marked an end to the impulsive wave (c) that the current rally to the lowerside seen since the previous week is the unfolding of an impulsive wave to the lowerside and should head straight towards 1.26781. A clear breakout above 1.33015 will push the price to the upperside towards 1.45206, and on the flip side, should the price close below 1.26781, then we'll look for a long term sell towards 1.21280.

Trade Recommendations:

We're short from 1.33015 with our take profit at 1.26781.

A lot of interesting information on the webinar!

Bob Stan
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