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We're waiting for a possible long term sell position towards 1.39

We're waiting for a possible long term sell position towards 1.39 | 22 Juni 2021

22 Juni 2021, GBP/USD

Wave Analysis
Just as in Euro, the British pound rallied to the lowerside and is still pretty much bearish. While the price remains below the level 1.39337, we expect nothing but a possible sell positions. The idea is to wait for pullbacks to the upperside to pick a possible long term sell positions. If the price breaks above 1.39337, then this will be a good place to consider a possible long term buy position. On the flipside, if the price should rebound from the same level, then this will be a good place to consider a possible long sell position. The anticipated sell position is he continuation opf the last impulsive wave (v) and should break below 1.38 towards 1.37 and may extend much lower.
Trade Recommendations:
We're waiting for a possible long term sell position towards 1.39

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Bob Stan
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