Wave Analysis
GBPUSD_e is currently rallying around 1.33357. On the 4 Hours Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . GBPUSD_e is currently in a range, not going above the previous day’s highest high 1.33975,or the previous day’s lowest low 1.32637. If the price breaks above 1.33975 then we will consider a long term buy with our target at 1.21751. And on the flipside, a sustained move below 1.33975 will attract sellers with an ideal target around 1.14095.
Trade Recommendations:
Wait
Origin: FreshForex
