Wave Analysis
The British pound in currently rallying around a significant supportive trendline. While the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above the upper trendline towards 1.43730 or even higher. And in case the price breaks and closes below the same trendline, then further momentum to the lowerside is expected with an ideal target set at 1.40299.
Trade Recommendations:
Buy a rebound from the lower trendline towards the upper trendline.
Origin: FreshForex
