GBPUSD has taken out previous lower degree Wave 4 around 1.3050 today. The currency might have completed its impulse drop between 1.3482 and 1.3040/50 levels respectively. High probability remains for a counter trend rally to push towards 1.3300/10 from here. Also note that fibonacci 0.618 retracement of the above drop is seen through 1.3300/10 and hence probabilities remain high for a bearish bounce if prices manage to reach there. Good to sell on rallies from here.
Remain short, stop above 1.3500, target is open.
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