Wave Analysis:
During the previous trading day, the cable picked a momentum to the upper side and is still pretty much bullish both on the daily and the weekly charts. Despite the fact that our long term buyers are situated at 1.3662, the cable could not reach this pair took to the upper side. As long as we’re above 1.3662, we expect a possible bullish momentum with an ultimate target at 1.4825 and may break higher. If you’re not long already, you could wait for a rebound from 1.3662 to pick a long position, or a break above 1.4400 to confirm a possible bullish rally towards 1.4825 or even higher.
Trade Recommendations:
Buy the cable upon a rebound from 1.3662 towards 1.4825
Origin: FreshForex
