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We're short for now

We're short for now | 26 October 2023

26 October 2023, GBP/USD

We're short for now

GBPUSD is currently in a strong downtrend. The price is decreasing as anticipated in our previous analysis from 10/25/2023, and our target remains at the support zone of 1.1995, representing the endpoint of the major impulsive wave 'V.' It's worth noting that this pair is still in an impulsive phase characterized by the 'V' wave pattern. You might consider initiating a short position if the price falls below 1.2095, with your target set at the range of 1.2034 to 1.1995. Ensure you use proper risk management.

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We're short for now

Bob Stan
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