Wave Analysis
Earlier the previous trading day, the British pound gapped below the 61.8% fib level and is still pretty much below this level, while the price remains below this zone, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.37030 towards 1.36 or even lower. On the flip side, should the price break again above 61.8% fib level, then this will be an ideal place to consider a possible long term buy position.
Trade Recommendations:
Expect a possible sell towards 1.37030
Origin: FreshForex
