GBP/USD Forecast: anticipated bullish price rally is the continuation of an impulsive wave count

gbp3Wave Analysis

During the previous trading week, the british pound gained value and is still showing signs of continuing to the upperside as it is right now, we are buyers. The idea is to keep looking for long term buy positions. The anticipated bullish price rally is the continuation of an impulsive wave count and should see the price rally much higher with an ideal target set at 1.42. If you are looking at this chart right now, look for long term buy posiution expecting the price to continue much higher with the next ideal target set at 1.41.

Trade Recommendations:

We;re buyers

Wait and sell a rebound from the upper trendline.

Origin: FreshForex

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