Daily Forex Trading Strategy #GBP - Critical test of 1.66 Peak

Sterling remains in a critical test of the 1.6600 peak. As this level caps, we would anticipate the end of a short term trend from 1.5935 and possibly and entire 3 wave rally from the 1.5345 low. Below tight 1.6425 support would tend to confirm this view. A clear upside break of 1.66 extends the rally to a full C = A target of 1.6865 but with the potential to challenge the medium term 1.7040

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