GBP/USD Forecast: British pound rallied to the lowerside

a-4Wave Analsis:

During the previous trading day, the British pound rallied to the lowerside but is currently bouncing off from a major support level 1.36040. This is a ket level and while the price does not clearly break and close below it, we’re waiting for a rebound from it to pick a possible low risk buy position. In case it is violated to the lowerside, then we are looking for a possible long term sell position towards 1.35 and may breakout much lower.

Trade Recommendations:

We’re sellers towards 1.35

We're sellers

Origin: FreshForex

Leave a Reply