While the US Dollar is in an active up trend, the British pound is loosing value, on the chart basically we're looking forward to a possible surge much lower and could go as low as 1.31 or even lower. The idea here is to wait for a slight pullback to the upper side then pick a low risk sell position towards 1.32. On the other side, if the price Breaks above the previous weeks highest high, then this will be a good place to consider a possible long term buy position.
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