Yesterday, the British pound continued to the upperside and is still showing signs of continuing much higher. As it is right now, we expect nothing but a possible break above the previous day's highest high to pick a possible long term buy position towards 1.3790 and may continue much higher. On this chart, buy positions looks ideal and can be recommended, on the other side, a break below the previous day's lowest low will attract a possible sell position.
Trade Recommendations:
We're buyers towards 1.3790
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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