Wave Analysis
Not much happened since yesterday, the cable pretty much closed just a few pips above is opening price. So far, according to the daily chart attached, we’re waiting for a possible bounce from either the supportive trendline or the resistive trendline to pick a long term trade. As it is on the daily chart a possible move towards the upper trend line is highly anticipated, however, should the price break below the supportive trendline, then we’ll expect further momentum to the lower side towards 1.2570.
Trade Recommendations:
We’re could head upwards towards the resistance trendline.
Origin: FreshForex
