Hello. We hope everyone did well for NFP.
Let’s pull up the GBP/USD hourly chart. It looks like the longer term trend for the GBP/USD will remain bearish.
Look for a longer term target price of 1.5000 area and below. If you analyze from the high in August 2010, it seems we may be in a current Wave 3 of an Impulse, which would mean a move even further to the downside, however, look for a potential move up to test the trend line before heading back down.
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