GBP/USD Forecast: expect further momentum to the lower side

eu-l13Wave Analysis

During the previous trading day, the impulsive wave (c) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts, as we mentioned during the previous trading day, as long as the price remains below 1.30308, we expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should breakout below 1.27252, but should not go lower than 1.2000. At the moment, only short positions can be recommended.

Trade Recommendations:

We’re short towards 1.2725

We're short towards 1.2725

Origin: FreshForex

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