Wave Analyis:
Just as in Euro, the British pound continues to rally to the upperside but is yet to give us any clear signs for a buy. If the price can rebound clearly from the lower trendline, then this will be the best place to consider a possible long term buy positions. And in case the price breaks below the lower trendline, then this will be the best place to consider a possible long term sell positions. The ideal position here is a buy, I therefore recommend looking for long positions only on this chart.
Trade Recommendations:
We’re buyers
Origin: FreshForex
