Wave Analysis
Just as in euro, instead of the cable rallying to the lowerside, this pair pulled back upwards and is now more bullish. As we mentioned in our previous forcasts, while the price is above both 1.24925, and the immediate trendline, we expect nothing but a possible momentum to the uppeside, the anticipated bullish price rally is an impulsive wave count and should breakout above 1.27615, towards 1.29400 or even higher. On the flipside, only a clear breakout below 1.24925 will mean we’re looking for sell orders with our target at 1.24.
Trade Recommendations:
Look for buy orders towards 1.29400
Origin: FreshForex
