Trader, analyst and instructor with a 6-year experience

SEB: GBP/USD trade

Strategists at SEB recommend selling GBP/USD in the high $1.53’s – low 1.54’s or on a break below $1.5028.

According to strategists, GBP/USD has achieved the minimum target for the upward reaction, moving above $1.5222 (the A-wave high). However, a completed correction needs to be confirmed by a break of $1.5028.  

Chart. H4 GBP/USD

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