One year outlook for GBP |
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One year outlook for GBP Comment: Very frustrating as almost six months have gone by and we find ourselves in exactly the same position as we were in January. The sell-off from last year’s high at 2.1160 has taken Cable back to the pivotal 1.9400 area in a possible A, B, C-type corrective move. While we will not completely rule out brief, small ‘extensions’ below 1.9200, we see these as good buying opportunities for a rally later this year. Expect sharp swings either side of 2.0000 in Q3,
Filed under: Technical
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