GBPUSD Shortterm Long
Updated
After the crash on Friday, a rally towards 1.24 should start in the next few days.
Comment
However, it is also possible that the low at 1.14084 will only complete the w and the low will not be reached until 1.04874. This would shift the target of the subsequent correction down a bit.Comment
Tonight the low was reached and the rally has now begun.Comment
At 1.11170, caution is called for once again. Only when the pound clearly exceeds this level is the way further to the upside open.
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