Wave Analysis
During the previous trading day, nothing much happened on this pair, the cable ended up closing just a few pips above the previous day’s opening price. As it is on the 4 hour chart above, we’re eyeing a possible break below 1.3135 to confirm a possible rally to the upper side with an ultimate target at 1.30130. And on the bullish side, as long as the price is above 1.30130, we expect nothing but a possible momentum to the upper side. With this upward position, our ideal first target will be 1.330 and the next at 1.34955.
Trade Recommendations:
Rebuy the cable around 1.30130.
Origin: FreshForex
