Wave Analysis
The cable is still struggling below the level 1.33015. This is a key level and as long as the price does not close above it, we expect a possible bounce from 1.33015 to pick a short term sell order towards 1.26781. While the price is contained below 1.33015, you could still look for sell orders, but in case of a breakout above 1.33015, then this will be an ideal place to look for buy orders. The anticipated bullish price rally is the continuation of the impulsive wave(c) to the upperside and should rise beyond 1.38150 towards 1.45206.
Trade Recommendations:
Buy a break above 1.33015 towards 1.45206.
Origin: FreshForex
