GBP/USD Forecast: price continued to the lower side

gbp_cfdWave Analysis:

During the continuation of the corrective four wave cycle to the upper side, the GBP tried to break above the resistance level 1.3676-1.3624, but the price continued to the lower side.As long as the price remains below the resintance level, we expect a further momentum to the lowerside towards 1.3000 and may see the price break below the lower trendline and continue even much lower.

Trade Reccommendations:

We are sellers.

We are sellers.

Origin: FreshForex

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