Wave Analysis
Just as previously forecasted the cable rallied to the lower side and even went below the support zone 1.3012-1.3086. As long as the price remains below this zone, we expect further momentum to the lowerside. The previously anticipated three wave cycle has been invalidated, which means now, I expect further momentum to the lower side and could break below 1.2870 or even lower. But should the price break and close above 1.3086, then this will be a good place to pick a buy.
Trade Recommendations:
Sell GBPUSD with your take profit at 1.2800.
Origin: FreshForex
