Wave Analysis
The British pound is still below the zone 1.40067-1.39828. As long as the price is held below this zone, we are waiting for a clear rebound from it to pick a possible long term sell position. However, in case the price break and closes above the zone 1.40067-1.39828, then further momentum to the upperside is expected. If the price breaks above this zone, we recommend looking for long term buy positions. A rebound from 1.39829, then further momentum to the lowerside is expeccted with an ideal target at 1.36722.
Trade Recommendations:
Sell a rebound from 1.49967 towards 1.36722
Origin: FreshForex
