Just as in Euro, the British pound did very little change during the previous trading day, however, the price ended up closing as a bearish pin bar candle. As it is right now, we are looking for a possible long term sell positions expecting a break below 1.34197 and may extend much lower. However, should the price break and close above the previous day's highest high, then, we may settle for a long term buy position with our new target now set at 1.38800.
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