Wave Analysis:
We’re still seeing a rally to the upper side. There’s still more bullish continuation set ups on this pair and following the rise above 1.1862, we’re still very optimistic that this pair could continue upwards especially towards 1.2095 or even higher to 1.30. At the moment, only potential buy opportunities should be given more attention, while we may consider short positions in case the price rebounds from 1.2095 or if the price breaks below 1.1862. This pair should be traded alongside GBPAUD, GBPCHF, GBPAUD, AUDUSD and GBPUSD. These pairs have a strong positive correlation of up to +62% and will move in the same direction during this intraday.
Trade Recommendations:
Look for a potential buy opportunity with an ideal target at 1.2095
Origin: FreshForex
