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Sell a break below 1.20231,

Sell a break below 1.20231, | 08 April 2020

08 April 2020, GBP/USD

Sell a break below 1.20231,

Wave Analysis

Nothing much appears to be happening on this pair since the previous week, as long as the price remains above the zone 1.20231-1.21352, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 1.24890 towards 1.32981. This view can only be invalidated in case the price breaks and closes below 1.20231, if this is the case, then further momentum to the lower side is expected towards 1.1400.

Trade Recommendations:

Sell a break below 1.20231,

Bob Stan
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