Elliott waves analysis – We’re look for a long position.

GBPUSD – Flat

Wave Analysis

During the previous trading day, the cable traded massively to the lowerside but failed to break below supportive trendline. As long as the price remains above this level, we expect a possible momentum to the lowerside with an ultimate target at 1.3265. And should the price break below the immediate trendline, then we’ll expect a possible momentum to the lowerside, with this short position, we’ll be looking to take profit at 1.2775 and the next ideal target at 1.2705. You can still look for short position now.

Trade Recommendations:

We’re look for a long position.

101% Double the volume

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