Wave Analysis
The British continues to remains within the rising wedge formation. On this chart, we are looking for long positions towards the upper trendlne. The anticipated bullish rally is the continuation of the impulsive wave (E) to the upperside and should breakout above 1.33210 to the upperside. If the price bounces off from around 1.32860, then this will be a good place to consider a possible sell positions. However, as t is now, we are on the sidelines, we still expect a brief momentum to the uppperside.
Trade Recommendations.
Remain on the sidelines
Origin: FreshForex
