Wave Analysis
Earlier today, the British pound rallied to the lower side and even went below the zone 1.35248-1.35430. While the price continues to remain below this zone, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a corrective wave count and could see price break and close below 1.31775. If you are looking at this chart right now, expect a close below 1.35248 to pick a possible long term sell position with an ultimate target set at 1.31775.
Trade Recommendations:
If the price closes below 1.35248, remain short towards 1.31775.
Origin: FreshForex
