Wave Analysis
On this chart, we have the level around 50.0% fib level being a verified support but has been tested just once, and on the upper side, we have 1.26660 and the swing high and as a verified resistance and has been tested almost 5 times. Yesterday, the British pound failed to break below the 38.2% fib level, instead it bounced off from this level, headed to the upper side and is still pretty much bullish, we expect further momentum to the upper side towards the verified resistance level 1.26660.
Trade Recommendations:
Expect further rally towards 1.26660.
Origin: FreshForex
