GBP/USD Forecast: British pound rallied massively to the upperside

a-4Wave Analysis:

During the previous trading day, the British pound rallied massively to the upperside and even went above the upper trendlline, as it is right now, we are looking for a possible long term buy position. The anticipated bullish price rally is the continuatioo of an impulsive wave count and could see price rally towards 1.39 or eeven higher As it is now, we are buyers towards 1.39.

Trade Recommendations:

We’re buyers towards 1.39

Wait and sell a rebound from the upper trendline towards 1.3515.

Origin: FreshForex

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