Wave Analysis:
Just as in the EURO, the British pound continued to the lowerside and is still pretty much bearish. The previous day’s candle closed as a perfect bearish inside bar candle, and as long as the price remains below the previous day’s lowest low, we are sellers. The anticipated bearish price rally is the continuation of a minor impulsive wave count and could see price break below 1.36111 and may extend much lower.
Trade Recommendations:
We’re sellers towards 1.36115.
Origin: FreshForex
