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GBPUSD. Wait for a buy from 1.24607.

GBPUSD. Wait for a buy from 1.24607. | 25 July 2019

25 July 2019, GBP/USD

Wave Analysis

Instead of continuing to the lowerside as previously forecasted, the cable pulled back to the upperside and is currently above 1.24807, on the hourly chart attached, we expect the previous move to the upperside to be a mere correction but should not go beyond 1.25754, as it , we recommend looking for a buy from 1.24607, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside but should not go beyond 1.25112, if this target is broken, then we're still upwards towards 1.25754.

Trade Recommendations:

Wait for a buy from 1.24607.

Bob Stan
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