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A possible sell towards 1.24030.

A possible sell towards 1.24030. | 25 Septiembre 2019

25 Septiembre 2019, GBP/USD

Wave Analysis

After the corrective wave (b) failing to break above 1.25120. We expect the current bearish price rally to be the continuation of the impulsive wave (c) to the lowerside and should break below 1.24030. If this is the case, that after the end of this day, the price has gone below 1.24030, then this will be a good sign that we're continuing to the lowerside with the next ideal target at 1.22580. This view can only be invalidated in case the price break above 1.25850, if this is the case, then further momentum to the lowerside is expected.

Trade Recommendations:

A possible sell towards 1.24030.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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