GBPUSD – Flat
Earlier this trading day, The cable bounced off from the lower trendline and is currently heading to the upperside, we expect this upward rally to be the continuation of a corrective three wave cycle and should break above 1.3020 towards the upper trendline. If this trendline is breached to the upperside, then this will be a good place to look for a long term long position with an ultimate target at 1.3245. And on the lowerside, should the price break below 1.2940, then this will be a good place to look for a long term short position.
we’re short below 1.2940
101% Double the volume
All bonus participates in drawdown!
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