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Buy a breakout above 38.2% fib level towards 1.41900.

Buy a breakout above 38.2% fib level towards 1.41900. | 16 March 2021

16 March 2021, GBP/USD

Buy a breakout above 38.2% fib level towards 1.41900.
Wave Analysis

During the previous trading day, nothing much happened on this pair. The British pound closed almost around the same place it opened. While the price remains within61.8% fib level and 38.2% fib level. We are on the sidelines, we are waiting for either a breakout below 61.8% fuib level to pick a long ter sell position trowards 1.35780 or a breakout above 38.2% fib level to push the price to the upperside towards 1.41900 and could breakout much higher with the next ideal target set at 1.45 or even higher.

Trade Recommendations:

Buy a breakout above 38.2% fib level towards 1.41900.

Bob Stan
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