During the previous trading day, the British pound rallied to the lowerside but is currently bouncing off from a major support level 1.36040. This is a ket level and while the price does not clearly break and close below it, we're waiting for a rebound from it to pick a possible low risk buy position. In case it is violated to the lowerside, then we are looking for a possible long term sell position towards 1.35 and may breakout much lower.
Trade Recommendations:
We're sellers towards 1.35
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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