Wave Analysis
Despite the previous month’s bullish pin bar, the British pound is yet to show us any clear signs of continuing to the upper side. Rather, the price continues to create lower lows and may extend towards 1.33160 towards 1.22482. If the price rebound from 1.33160, then this will be the best place to consider a possible long term buy position. The anticipated bullish price rally is the continuation of an impulsive wave count and should see price break beyond 1.43831 towards 1.71761.
Trade Recommendations:
We’re waiting for a buy from 1.33160 towards 1.43831.
Origin: FreshForex
