Wave Analysis
The cable continues to rally to the lower side but should not close below 1.31820, As we mentioned in our previous forecasts, while the price is above the level 1.31820, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 1.38335 towards 1.45208. The level 1.45208 is a monthly resistance level and as long as the price below this level we expect we’re still downwards.
Trade Recommendations:
We’re waiting for a possible buy from 1.30394.
Origin: FreshForex
