Just as previously anticipated, the British pound continued to rally to the lowerside and is still pretty much bearish. If you are looking at this chart, keep looking for long term sell position. The idea is to wait for pullback to the upperside, to pick a possible long term sell position. On the flipside, in case the price breaks above the alligator indicator, then we will be expecting further momentum to the upperside, then ideal is to keep looking for long term buy positions as long as the price is above the alligator indicator.
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