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We're sellers towards 1.37090.

We're sellers towards 1.37090. | 17 June 2021

17 June 2021, GBP/USD

As long as the price is below 1.40927, we are sellers towards 1.37080.

Wave Analysis
Yesterday, the British pound successfully broke below 1.40927 and is still pretty much bearish. As long as the price remains below 1.40927, the anticipated bearish price rally is the continuation of an impulsive wave count and could push the much lower with the next ideal target set at 1.39150. If the price breaks below this level, then further momentum with the next ideal target set at 1.38640. On the flipside, if the price break and close above 1.40927, then further momentum to the upper side will push the price towards 1.45.
Trade Recommendations:
We're sellers towards 1.37090.

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