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GBPUSD. We're in a sell towards 1.24925

GBPUSD. We're in a sell towards 1.24925 | 04 July 2019

04 July 2019, GBP/USD

GBPUSD. We're in a sell towards 1.24925

Wave Analysis:

Perfectly as previously forecasted, the cable continued to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains above 1.24925, we expect a possible momentum to the lowerside but should go only up to 1.24925. A breakout below this level will push the price further to the lowerside with the next ideal target being 1.2405 or even lower. On the Bullish side, only a bounce from 1.24925, or a breakout above 1.27210 will trigger us to buy this pair.

Trade Recommendations:

We're in a temporary sell towards 1.24925.

Bob Stan
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