GBP/USD Forecast: bearish price rally is the continuation of the impulsive

forex_news_gbp_8Wave Analysis

Since the beginning of this week, the cable has been rallying to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.300, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive (c) to the lowerside and should break below 1.27252, if this is the case, then we’ll expect a possible momentum further to the lowerside with the next ideal take profit at 1.2000

Trade Recommendations:

We’re short

Origin: FreshForex

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