Wave Analysis
Yesterday, the British pound successfully sustained itself below 1.39136-1.38995. While we continue to see sustenance below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below 1.38210 towards 1.36852 towards 1.35685 or even lower. On the flipside, should the price breakout above 1.39136, then a rally towards 1.40031 is expected with the next ideal target set at 1.41745.
Trade Recommendations:
Wait for a resell from around 1.39136.
Origin: FreshForex
