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Trade Recommendation: We're buyers

Trade Recommendation: We're buyers | 11 January 2023

11 January 2023, GBP/USD

Trade Recommendation: We're buyers

Wave Analysis

GBPUSD Has been on a strong uptrend from 1.06693, it is yet to finish forming the impulsive 5wave pattern, the market is currently at a Major impulsive wave IV 1.18431, I expect an impulsive move to the upside up to 1.26462 which is likely to be the end of major wave V and the major impulsive 5-Wave in general, we can pick a buy at the break of major wave III 1.24419 if the price fails to break above this level and instead breaks below major wave I the set up will be invalidated.

Trade Recommendation:

We're buyers

Bob Stan
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