Wave Analysis:
The cable is still rallying above the daily supportive zone 1.30327-1.30095. As long as the price remains above this zone, we’re upwards, but in case the price breaks below the level 1.30327 and even a break below 1.30095 will mean we’re actively downwards towards 1.27925. On its way upwards, the key lines to look for include 1.31560, 1.32220 and 1.33064. A breakout above this level will push the price even higher towards 1.34. As it is, wait for a clear breakout above the upper trendline.
Trade Recommendations:
Wait for a buy from 1.30095.
Origin: FreshForex
