GBP/USD Forecast: British pound is currently rally in an up trend

gbp3Wave Analysis

The British pound is currently rally in an up trend. Following the bounce from the level 1.36409, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of an impulsive wave count but should not go beyond the upper trendline, if you are looking at this chart now, keep looking for more buy positions expecting a break above the upper trendline. A rebound from the upper trendline will provide as with a good place to consider a possible sell positions.

Trade Recommendations:

Remain long towards the upper trendline.

Remain long towards the upper trendline.

Origin: FreshForex

Leave a Reply