GBP/USD Forecast: long as the price remains above 1.2492

eu-l13Wave Analysis

Yesterday, the cable attempted to break below 1.2492 but ended up pulling back to the upperside. As long as the price remains above 1.2492, we’re looking for long term buying opportunities, but should price again breakout below 1.2492, then this will be an ideal place to look for long term sell orders with an ideal target at 1.2405 or even lower. As it on this chart, a breakout below 1.2492 will offer an ideal opportunities to look for sell orders with an ultimate target at 1.2405 or even lower.

Trade Recommendations:

Sell GBPUSD Below 1.2492.

Origin: FreshForex

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