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We're long

We're long | 31 July 2018

31 July 2018, GBP/USD

We're long

Wave Analysis:

After the two bullish pin bars seen two weeks ago, the cable has now embarked on an upward acceleration. There's a weekly support seen at 1.30706, as long as the price remains above this level, we expect a possible rally to the upperside. We expect the rebound from it to have marked an end to the corrective three wave cycle, that the current rally to the upperside is the unfolding of an impulsive wave cycle and should first break beyond 1.35300 before a move further to the upper side is seen.

Trade Recommendations:

We're long

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Bob Stan
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