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Wait | 10 September 2021

10 September 2021, GBP/USD

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Wave Analysis

Currently, The British pound is within an widening wedge formation. Following the rebound from the lower trendline, the British pound continued to the upperside but is currently approaching a key resistance zone 1.40069-1.39012. If the price breaks above this zone, then further momentum to the upperside is expected. towards the upper trendline, On the flipside, should the price break below the lower trendline, then further momentum to the lower is expected.

Trade Recommendation:

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Bob Stan
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