Wave Analysis
Last week, the cable bounced off from the supportive trendline and is currently heading to the upperside, we expect this bounce to have marked an end to the corrective three wave cycle, that the current bullish price rally is the unfolding of an impulsive wave count and should break above the upper trendlne towards 1.3005, and in case the price breaks above the upper trendline, then further momentum to the upperside is expected. This view can only be invalidated in case the price breaks and closes below the supportive trendline.
Trade Recommendations:
Buy the cable towards 1.3005.
Origin: FreshForex
