Wave Analysis
Following the break below 1.21286-1.20334, the cable continued to the lowerside and is still pretty much bearish both on the daily and on the weekly chars. Following the break below 1.21286, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (c) and (v) and should break below 1.13385 towards 1.1451 or even lower. On this chart, you could wait for a pull back towards 1.21286 to pick a long term sell orders.
Trade Recommendations:
wait for a resell from 1.21286
Origin: FreshForex
