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Wait for a sell from 1.36088 towards 1.34620.

Wait for a sell from 1.36088 towards 1.34620. | 13 January 2021

13 January 2021, GBP/USD

Buy a beak above 1.35564 with your take profit at 1.3688.

Wave Analysis

The British pound continues to correct itself to the upper side but is still below the level 1.36088, As it is now, we expect further correction to the upperside and should break and close above the upper trend line. If the price rebound from the upper trendline then this will be a good place to consider a possible sell position expecting price to rally to the lower side towards the lower trend line and could breakout much lower. If you are on this chart, stay on the sidelines and wait for a rebound from 1.36088.

Trade Recommendations:

Wait for a sell from 1.36088 towards 1.34620.

Bob Stan
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