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Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810.

Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810. | 13 June 2019

13 June 2019, GBP/USD

Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810.

Wave Analysis

The cable is currently trading within a tight range, not going above 1.27 or below 1.26749. As long as the price is contained within this range, we're waiting for either a bounce from 1.26749 to pick a buy, or a bounce from 1.27465 to pick a sell. Any break below 1.26749 will culminate into a possible rally further to the lowerside with the next ideal target being at 1.25810, a breakout above 1.27465 will mean we're looking for a low risk buy order with our target being at 1.30470 or even higher.

Trade Recommendations:

Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810.

Bob Stan
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