Wave Analysis
During the previous trading day, the cable moved massively to the upper side and even went above 1.23177-1.23273 and is still pretty much above this level. As long as the price is contained above this zone I expect nothing but a possible momentum towards 1.24945. And on the flip side, should the price break below 1.23177, this could invalidate the anticipated bullish price rally and could push the price towards 1.22170, a break below this level could push the price even lower with an ultimate target at 1.201.
Trade Recommendations:
Rebuy the cable from 1.23273-1.23177 with an ultimate target at 1.24945.
Origin: FreshForex
