Wave Analysis:
Few days ago, we expect a possible momentum towards the daily support 1.3662, however, the cable retreated even before reaching our this level. The level 1.3662 remains a very good buy place and as long as it is not violated to the lower side, we’re still waiting for a rebound from to pick a long position. According to the current chart set up and structure, it is good to remain flat temporarily or you could look for a short position with your target at 1.3662. Or, you could wait for a rebound from 1.3662 to pick a long position. This pair will have a similar price action to GBPHKD, AUDUSD and NZDUSD.
Trade Recommendation:
Buy the cable upon a rebound from 1.3662
Origin: FreshForex
