Wave Analysis
The previous day the British pound opened at 1.2468, went as high as 1.2529, but ended up closing at 1.2465 just a few pips below its opening price, the previous day’s candle is a perfect bearish pin bar candle. As long as the price remains below the previous day’s highest high, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of a corrective wave count and could see price break below 1.22540 towards 1.21310.
Trade Recommendations:
Remain short towards 1.21310.
Origin: FreshForex
