During the previous trading day, the British pound rallied to the upperside but is still in an active downtrend. On this chart, we expect nothing but a possible momentum to the lowerside. As it is right now, the current move we were seeing to the upperside is a mere correction, after which, we will be looking for a possible long term sell position towards 1.06 and may likely extend much lower.
Trade Recommendations:
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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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