Wave Analysis
Last week, the British pound reached a recent all time high 1.28290 but has now pulled back to the lower side. As long as the price is held above 1.25013, we’re waiting for a buy from it to pick a long position. Basically we are waiting for a sign that the impulsive wave (c) is ended so that we buy the this pair from 1.25012 with the first target at 1.26625 and the next ideal target around 1.27870. A breakout above the last target will push the price much higher with an ultimate target around 1.314 or even higher.
Trade Recommendations:
Wait for a buy from 1.25013 with your target at 1.26625.
Origin: FreshForex
