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Expect a possible bullish momentum towards 1.25185.

Expect a possible bullish momentum towards 1.25185. | 30 April 2020

30 April 2020, GBP/USD

Expect a possible bullish momentum towards 1.25185.

Wave Analysis

The cable is currently heading to the upperside, we expect the previous day's rebound from 1.24034 to have marked an end to the corrective wave (D), that the current bullish price rally is the continuation of the impulsive wave (E) to the upper side and should break above the upper trendline. A sustained move above the upper trendline will mean we are continuing to the upperside with an ultimate target around 1.26. A rebound from this trend line will push the price to the lowerside towards the lower trendline.

Trade Recommendations:

Expect a possible bullish momentum towards 1.25185.

Bob Stan
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