The cable is currently trading around 1.30917. As long as the price remains above the upper trendline, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 1.3265 towards 1.3685. And on the other side, should the price break below the immediate trendline, then we’ll expect a possible rally towards 1.2705, if this target is broken, then further movements to the lower side is expected.
We’re looking for a long position.