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GBPUSD. We're looking for a sell below 1.24411

GBPUSD. We're looking for a sell below 1.24411 | 26 July 2019

26 July 2019, GBP/USD

GBPUSD. We're looking for a sell below 1.24411

Wave Analysis

After spiking to the upperside during the previous trading day, the cable is currently rallying around a key support 1.24411. This is a key short term level and while the price is above this level I choose to remain flat, but in case price breaks below 1.24411, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 1.24345 and may continue even further towards 1.231.

Trade Recommendations:

We're looking for a sell below 1.24411

Bob Stan
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