Wave Analysis:
Perfectly as previously anticipated, the impulsive wave (v) extended to the upper side and is currently slowly crossing above 1.3275-1.3232, this should be a possible bullish dominance and as long as the price maintains above 1.3275, we’re only interested in buy positions. If by the end of this week the price remains above 1.3275, then we’ll buy this pair for the longest time possible. . A close below 1.3232 will mean we’re short with the first target at 1.2735 and the next target at 1.2200. This pair will have a similar price action to AUDUSD, NZDUSD, EURUSD and GBPHKD. These pairs will have a similar price action during this intraday. Only buy or sell the cable if the other pairs are giving the same signal.
Trade Recommendations:
Look for a possible long position towards 1.35
