During the previous trading day, the British pound rallied to the upperside but is still above 1.20232. On this chart, we expect nothing but a possible momentum to the upperside,
on this chart, I recommend looking for long term buy position towards 1.21460 and may continue to the upperside. On the flipside, should the price break and close below 1.20232, then this will be a good place conssider a possible long term sell position towards 1.17510.
Trade Recommendations:
We're buyers towards 1.22
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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