Wave Analysis
Currently, the British pound is bouncing off from the upper trendline. While the price is not successful in its attempts to breach the upper trendline, we are waiting for a bounce from this trend line to consider a possible long term sell order towards 1.23377-1.22905. If you’re able to pick a sell upon a bounce from the upper trendline you are safe, alternatively, you could wait for a bounce from 1.23377 to pick a possible long term buy position towards 1.24710. A break below 1.22905 to pick a possible sell.
Trade Recommendations:
Sell British pound now with your take profit at 1.23177.
Origin: FreshForex
