Wave Analysis
The British pound continues to break higher highs perfectly in line with what was forecasted yesterday, as long as the price is held above the 52 Simple period moving average, we expect nothing but a possible momentum to the upper side, basically, we are expecting a possible rally towards 1.35 and could breakout much higher. On the flip side, should the price break below the Moving average above, then we will be expecting a possible long term sell positions towards 1.2700 or even lower.
Trade Recommendations:
Remain long
Origin: FreshForex
