Wave Analysis
The British pound continues to rally to lowerside and is still pretty much bearish. The anticipated bearish price rally is the continuation of a corrective wave count and could see the price break below 1.40390 towards 1.39696 or even lower. If you are looking at this chart now, we recommend looking for long term sell positions towards 1.396996, a breakout below this level will push the price further to the lowerside and should breakout below 1.37955 or even lower towards 1.37345.
Trade Recommendations:
We’re sellers towards 1.39696.
Origin: FreshForex
