Wave Analysis
the cable is currently trading around 1.30423. During the previous trading day, this pair rose steadily and is still bullish on the daily. Although we expect an ultimate rise towards 1.42819, the best places to buy is either a bounce from 1.27618, or a break above 1.33130. As it is, we’re waiting for a sell up to 1.27618 to pick a low risk buy. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upper side and should first break above 1.33013 before a move even higher is seen.
Trade Recommendations:
Look for a low risk sell towards 1.27618.
Origin: FreshForex
