Wave Analyis
Just as in the euro, the cable corrected itself to the lower side but is still above the 1.32991. We’re still within our buyers territory and as long as the price remains above 1.32991, we expect a possible momentum to the upper side, the anticipated bullish price rally is the unfolding of an impulsive five wave cycle but should first break above 1.38200 before a rally towards 1.42460 is seen. On the other side, should the price break below 132991, then this will be an extension of the impulsive wave (c) to the lower side and may break below 1.30280.
Trade Recommendation:
Waiting for a buy signal.
Origin: FreshForex
