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Remain long towards 1.35.

Remain long towards 1.35. | 31 August 2020

31 August 2020, GBP/USD

Remain long towards 1.35.

Wave Analysis

The British pound is currently in an active up trend. While the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should break beyond 1.350 towards 1.40 or even higher. This view will only be rendered futile in case the price breaks below 1.32469, if this is the case, then further momentum to the lower side is expected towards 1.30227.

Trade Recommendations:

Remain long towards 1.35.

Bob Stan
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