Wave Analysis
During the previous week on Friday and Thursday, the British pound rallied to the lowerside and is now below the inner shape formation, as it is right now, we are looking for further momentum to the lowerside but should not go beyond the lower trendline. If you are looking at this chart right now, keep looking for long term sell positions. A rebound from the low trendline will be a good place to consider a possible long term buy positions towards around 1.39420.
Trade Recommendations:
We’re sellers towards the lower trendline.
Origin: FreshForex
