GBP/USD Forecast: expect nothing but a possible momentum to the upper side

forex_news_gbp_7Wave Analysis:

The previous day’s candle closed as bearish pin bar but we’re above a key daily support zone 1.30327-1.30095 and as long as the price remains above it, we expect nothing but a possible momentum to the upperside, the previous day;s candle could make the price to close below the previous day’s closing price. Conservative traders however, should wait for a clear breakout below 1.30095 to confirm that we’re short with an ultimate target at 1.2725. And should price stabilize above 1.300095, then we’re going to look for a low risk buy order.

Trade Recommendations:



Origin: FreshForex

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