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Waiting for a possible low risk buy from around 1.28400.

Waiting for a possible low risk buy from around 1.28400. | 25 February 2020

25 February 2020, GBP/USD

Wait for a possible long term buy order with an ultimate target around 1.33342.

Wave Analysis

Yesterday, Nothing much appears to have happened to this pair, instead, the cable closed just a few pips above the level 1.28450, we expect a possible continuation of the corrective wave (4) but should not go beyond 1.28400, if the price can give us a good buy signal from around the level which I have mentioned above, 1.28400, then this will give us an ideal place to consider a long term buy order with an ideal take profit around 1.33342. A break above this level will push the price much higher towards 1.42450.

Trade Recommendations:

Waiting for a possible low risk buy from around 1.28400.

Bob Stan
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