As I said earlier, Gbp continues to retrace to the lower side but is still just a few pips from my buy place. Today, I expect further decline towards 1.3303 to pick a low risk buy position with my take profit set at the monthly resistance zone 1.4618-1.4269. This buy position very good for position/ long term traders so, if you're not long already, wait for a decline towards 1.3303, then pick a long position. On the way upwards, the key lines to look for include 1.3710, 1.3840, and 1.4269, if these lines are breached, then I'll wait for a breakout above 1.4618 to confirm a rally towards 1.7310.
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