Wave Analysis
During the previous trading week, the cable declined steeply and is still very much bearish both on the daily and the weekly charts. As long as the price remains below 1.31820 and above 1.2781, we expect this pair to remain within a range, not going above 1.31820, and below 1.26781. Should price breakout above this lines, then we’ll trade a breakout, a break above 1.31820 will mean we’re looking for a buy towards 1.45206, then a break below 1.26781, then we’ll expect a rally towards 1.19150.
Trade Recommendations:
Remain short towards 1.26781.
Origin: FreshForex
