GBP/USD Forecast: British pound continued massively to the lowerside

gbp2Wave Analysis

During the previous trading day, the British pound continued massively to the lowerside perfectly as previkously forecasted and is still pretty much bearish. As long as the price remains below the Alliggator indicator, we expect nothing but a possible momentum to the lowerside. If you are looking at thi chart right now, we recommend looking for low risk sell position expecting the price to rally much lower with the next ideal target set around 1.24.

Trade Recommendations:

We’re sellers towards 1.24

Remain short towards 1.36890.

Origin: FreshForex

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