Wave Analysis:
Few hours ago, the British pound bounced off from the supportive zone 1.38082-1.37916. As long as the price remains above this zone, we are buyers. We’re expecting a possible impulsive wave to the upperside and should push the price upwards towards 1.38950 and should extend much higher. On this chart, as it is now, buy positions looks idea and can safely be recommended. However, if the price breaks below the zone mentioned above, then we’re likely to see sellers take full control towards 1.36134.
Trade Recommendations:
We’re looking for sell positions towards 1.3634
Origin: FreshForex
