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Wait. | 15 March 2022

15 March 2022, GBP/USD

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Wave Analysis:

The Great British Pound has been trading in a contracting wedge formation,previously the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five.We expect the price to break above the upper trendline and continue further upwards.If you are looking at this pair now wait for a clear break above the upper trendline then pick buy positions towards 1.3165.

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Bob Stan
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