Just as in Euro, the British pound is currently in an active downtrend. As long as the price remains below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave copunt (5) and should breakout above the indicator attached, then this will be an ideal place to consider a possible momentum higher.If you are on this chart right now, keep looking for long term sell positions.
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