SuperForex
Short

Decline is expected

FX:GBPUSD   British Pound / U.S. Dollar
On the chart, we observe that the pair has risen from the level of 1.28. According to the Elliott wave theory, when it reached the level of 1.3320, the turn began.

We believe that the pair will continue the downward movement and advise you to take short positions. Set support levels and take profit near the 1.3080 and 1.3025 marks.
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