GBP/USD Forecast: British pound is still being held above the zone 1.30023-1.30270

eu-l13Wave Analysis

The British pound is still being held above the zone 1.30023-1.30270. As we indicated in our previous forecast, while we continue to see sustenance above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price breakout beyond 1.33799 or even higher. And on the flipside, should the price breakout below 1.30023, then further momentum much lower is expected towards 1.27460.

Trade Recommendations:

Look for buy positions towards 1.33799.

Look for buy positions towards 1.33799.

Origin: FreshForex

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply