GBP/USD Forecast: long as the price remains above this level

a-4Wave Analysis

Perfectly as previously forecasted, the cable bounced off from 1.28830 and is currently heading to the upper side, as long as the price remains above this level, we expect this bounce to have marked and end to the corrective wave (4) that the current bullish price rally is the continuation of the impulsive wave (5) to the upper side and should break above 1.33342. If the price breaks and closes above this level, then the price will likely continue to the upper side and should break above 1.41250.

Trade Recommendations:

Remain long towards 1.33342.

Origin: FreshForex

Leave a Reply