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Buy a sustained move above the previous week's highest high with an ideal target around 1.32981.

Buy a sustained move above the previous week's highest high with an ideal target around 1.32981. | 13 April 2020

13 April 2020, GBP/USD

Wave Analysis

The previous week's candle opened at 1.22402 went as low as 1.21651 and as high as, 1.24861 but ended up closing at, 1.24616 just a few pips above the high of the previous week's candle. The Previous week ending 10th of March is a perfect Bullish engulfing candle, We are waiting for a clear breakout above the previous week's highest high with an ultimate target around 1.32981. Sustained move above the previous week's highest high will be a good confirmation that we are buyers.

Trade Recommendations:

Buy a sustained move above the previous week's highest high with an ideal target around 1.32981.

Bob Stan
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