Wave Analysis:
The cable is currently trading around 1.3057, this pair is currently trading within a contracting wedge formation and as long as the price remains above the zone 1.30095-1.30327, we expect a possible rally to the upperside, a clear breakout below 1.30095 may culminate into a possible bearish price rally towards 1.27925. And on the flipside, as long as the price remains above 1.30327, we expect a possible momentum to the upperside towards the monthly/ weekly resistance level 1.33064.
Trade Recommendations:
We’re upwards as long as the price remains above 1.30095
Origin: FreshForex
