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Remain short towards 1.3617

Remain short towards 1.3617 | 28 February 2018

28 February 2018, GBP/USD

Remain short towards 1.3617

Wave Analysis:

The cable continues to decline in value but is still above 1.3770. From the look of the current chart set and structure, this pair could drop even further with a target being at the daily support seen at 1.3612. Ideally, this will be the best place to buy this pair, otherwise, any clear break below, may call for a short position towards 1.3135 or even lower. At the moment, its good to remain short with the first take profit at 1.3770 and the next at 1.3612. This pair should be traded alongside AUDUSD, NZDUSD, GBPHKD and EURUSD. These pairs will have a similar price action today.

Trade Recommendations:

Remain short towards 1.3617

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Bob Stan
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