Wave Analysis
During the previous week, The British pound remained within the range 61.8% fib level and 23.6% fib level. We took a long position around 61.8% fib level and is still holding, our expectation is that the price should continue to the upperside and may breakout above 1.42980. A break above this level will push the price much higher with the next ideal target around 1.48. On the flip side, should the price break below 61.8% fib level, then further momentum to the lowerside is expected with the next ideal target set at 100.00%.
Trade Recommendations:
Remain long towards 1.44
Origin: FreshForex
