Wave Analysis
Just as previously anticipated, the British pound successfully rose above the previous week’s highest high and is currently around 1.25430. While the price continues to sustain the break above the previous week’s highest high, we expect nothing but a possible momentum to the upperside, the idea is to wait for slight pullback to the lower side to pick a long term buy order. This view can only be invalidated in case the price breaks and closes below 1.20231, if this is the case, then further momentum towards 1.14260 is expected.
Trade Recommendations:
As long as we see a sustained move above the previous week’s highest high, remain long with your target around 1.32981.
Origin: FreshForex
