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Wait | 12 April 2021

12 April 2021, GBP/USD

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Wave Analysis

We took a buy position during the previous week and is still holding. During this week and possibly during the coming week, we are expecting a possible breakout above 1.3760 and could push price much higher with the first ideal target set at 1.4020 and could breakout much higher towards 1.4145 and could extend much higher. If you are looking at this chart right now, keep looking for long term buy position expecting price to rise much towards 1.142 or even higher. On the flipside, only a clear breakout below 1.3635 will push the price to the lower side.

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Bob Stan
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