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We're waiting for a possible long term buy signal towards 1.43433

We're waiting for a possible long term buy signal towards 1.43433 | 10 August 2022

10 August 2022, GBP/USD

We're waiting for a possible long term buy signal towards 1.43433

Wave Analysis:

The British pound continues to rally to lowerside despite being around a significant monthly supportive zone 1.21950-1.20351. As long as the price does not clearly break and close below this zone on the monthly chartr, we are waiting for a possible long term buy position to pick a long order with an ultimate target set at 1.43433 and may likley continue much higher. As it is right now, we arebuyers. On the flipside, should the price break below 1.20351, then we may look for sell positions.
Trade Recommendations:
We're waiting for a possible long term buy signal towards 1.43433
Bob Stan
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