AndyM
Short

The upside for GBP is limited, shorting soon

FX:GBPUSD   British Pound / U.S. Dollar
261 0 7
Regardless of the outcome of Brexit, we may seen see the whole advance retraced, and a new low of 1.35 will be reached in the next 3 months. The impulsive advance to 1.48 has been wave C of a flat correction , and it seems complete. We need to wait for a confirmation that the advance has indeed run its course, and then a short entry is possible.
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