GBP/USD Forecast: British pound rallied massively to the upperside

gbp3Wave Analysis

During the previous trading day, the British pound rallied massively to the upperside but could not breakout above 1.30270-1.30023. As long as the price remains below this zone, we expect nothing but a possible rebound from around the zone 1.30023-1.30270 to pick a possible long term sell positions. And in case the price breaks and closes above 1.31120, then we will be expecting further momentum to the upperside with an ultimate target set around 1.34060. and in case the price breaks below 1.28779, then we are looking for sell positions.

Trade Recommendations:

Sell a round from around 1.30270.

Sell a round from around 1.30270.

Origin: FreshForex

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