Wave Analysis
Instead of continuing to the upperside, we are yet to see any clear moves to the upperside, the British pound is still rallying within a range, not going above the upper trendline or below the lower trendline, as it is now, we are buyers towards the upper trendline, a breakout above this trendline will push the price much higher towards 1.41 and may extend much higher,. On the flipside, in case the price breaks below the lower trendline, then this will be the correct place e too consider a possible long term sell positions towards 1.21 or even lower.
Trade Recommendations
We are in a short term buy towards the upper trendline.
Origin: FreshForex
