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GBPUSD - Dollar-Index-DXY – Bearish Corrective Minute B
Dollar-Index-DXY bounced off the 91.00 Levels as per our previously posted “USD Reversal – Metals Correction – FX Majors Weaker” analysis.
At this stage Dollar-Index-DXY Wave Count is suggesting that a Pull-Back would be expected in Minute B (blue), after the final Bullish move would complete for Minuette (C) (orange), so that Minute A (blue) would complete its Cycle.
GBP/USD – BUY Position:
• Entry – 1.3200
• SL – 1.3000
• Targets – 1.3400 / 1.3500 / 1.3650 / 1.3800
At this stage Dollar-Index-DXY Wave Count is suggesting that a Pull-Back would be expected in Minute B (blue), after the final Bullish move would complete for Minuette (C) (orange), so that Minute A (blue) would complete its Cycle.
GBP/USD – BUY Position:
• Entry – 1.3200
• SL – 1.3000
• Targets – 1.3400 / 1.3500 / 1.3650 / 1.3800
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