Wave Analysis
As previously expected, The British pound continued massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, keep looking for long term buy positions expecting price to break above 1.39930 towards 1.40. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and may ultimately break and close above 1.40 towards 1.35 or even higher. On the flipside, a break below 1.38370 will push the price towards 1.37478.
Trade Recommendations:
Remain long towards 1.40320.
Origin: FreshForex
