Wave Analysis
The British pound continues to sustain itself above the upper trend line and also above the Alligator indicator above. While the price is above the alligator indicator attached, I expect nothing but a possible momentum to the upper side with an ideal target around 1.26452. As it is now, only buy positions looks ideal, but should the price break below the previous day’s lowest low, then we expect to sell the British pound with an ultimate target around 1.20864, a break below this level will push the price to the lower side with an ultimate target around 1.20.
Trade Recommendations:
Remain long with an ultimate target around 1.26.
Origin: FreshForex
