GBP/USD Forecast: expect a possible momentum to the lower side

gbp_news_cmc_forex_1Wave Analysis

During the previous trading day, the impulsive wave (c) extended significantly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.30308, we expect a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should break below 1.27252, but should not go lower than 1.2000. you can still look for short positions now, but have your take profit at 1.2725.

Trade Recommendations:

we’re short towards 1.30308

we're short towards 1.30308

Origin: FreshForex

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