Wave Analysis
The cable is still struggling below 1.33015. The line 1.33015 is a major weekly resistance line and while the price is above it, we expect a possible move to the lower side. And on the flip side, should price go above 1.33015, then we’ll wait for a retracement back to the same place to pick a low risk buy order towards 1.45706. This upward rally is the continuation of the impulsive wave (c) and should first break above 1.38150 before a move even higher is seen to the target we just mentioned above.
Trade Recommendations:
Only buy a break above 1.33015
Origin: FreshForex
