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Wait for a possible long term buy position towards 1.42855.

Wait for a possible long term buy position towards 1.42855. | 31 March 2021

31 March 2021, GBP/USD

Look for long term buy positions towards 1.42855.

Wave Analysis

Just as Euro, the British pound continues to move to the lowerside and is still below 1.37584, While we continue to see sustainace below this level, we expect nothing but a possible continuation to the lowerside and should breakout below 1.32790 towards 38.2% fib level, On the flipside, should the price break above 1.37384, then we will be expecting further momentum to the upperside and should continue much higher towards 1.42855 towards 1.48130 and could breakout even higher.

Trade Recommendations:

Wait for a possible long term buy position towards 1.42855.

Bob Stan
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