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We're looking for a sell towards 1.24925.

We're looking for a sell towards 1.24925. | 28 June 2019

28 June 2019, GBP/USD

Look for sell orders towards 1.24925.

Wave Analysis

Just as in the Euro,. the cable is still rallying below the upper trendline. As long as this is true that the price is below this trendline, we expect nothing but a possible decline towards 1.24925. The current chart set up and structure is very bullish and therefore, chances of price rallying to the lowerside are very high. And on the flip side, should price breakout above the upperside, then we expect further momentum to the upperside without first target being 1.28800 and the next target at 1.30390.

Trade Recommendations:

We're looking for a sell towards 1.24925.

Bob Stan
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