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We're sellers for now

We're sellers for now | 06 September 2023

06 September 2023, GBP/USD

We're sellers for now

GBPUSD remains in a bearish trend, and the price is dropping as predicted in our previous analysis from 5/9/2023. As seen on the chart above, the price has already broken below the support zone at "1.2569", indicating the continued strength of sellers. The market is currently forming the impulsive wave 'V,' and our target for this major impulsive wave is at "1.2470". You can consider entering a short position at 1.2565, with the target range remaining at 1.2499-1.2470. Use proper risk management.

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We're sellers for now

Bob Stan
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