Wave Analysis
After a momentum to the upper side, the British pound pulled back to the lower side but is still several points ways from the zone 1.37445-1.37455. If you are on this chart, expect the previous day’s candle to push the price to the lower side and should head straight to the zone mentioned above. However, in case the price breaks above the previous day’s highest high, then this will be a good place to consider a possible long term buy position expecting price to continue much higher towards 1.39110.
Trade Recommendations:
Stay on the sidelines for now.
Origin: FreshForex
