During the previous trading day, the British pound rallied to the upperside and even went above the level 1.3373. As long as the price remains above this level I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break above 1.3604. On this chart, only buy positions looks ideal and can safely be recommended with an ultimate target set at 1.3830. A break above this level will push the price much higher. On the flipside, a break and close below 1.3350 will push the price much lower.
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