GBP/USD Forecast: expecting a possible bullish rally towards 1.42

a-4Wave Analysis

Even after breaking and closing below 1.22357, the cable is still not clearly headiong to the lowerside, as it is on the monthly chart, we’re still within our sellers teritiry and in case the current month’s candle closes above this level, then this will; mean we’re heading to the upperside, but should price pullback down and close below 1.22357, then we’re continuing short towards 1.13735. On the flip side, we’ll be expecting a possible bullish rally towards 1.42, that is, in case the price closes above 1.22357.

Trade Recommendations:

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Origin: FreshForex

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