Wave Analysis
During the previous trading day, the British pound rallied to the lowerside and is still pretty much bearish. As it is now the chart attached, we are expecting a possible breakout below 1.27644 to confirm that we are continuing to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 1.26855 towards 1.254 or even lower. A bounce from 1.27644 will mean the unfolding of a correction to the upperside.
Trade Recommendations:
Sell A breakout below 1.27644.
Origin: FreshForex
