Wave Analysis
Yesterday, the British pound continued to the lower side and is still showing signs of continuing much lower. Yesterday, we were expecting a slight pullback to the upper side, unfortunately, the price did not pullback significantly towards or target. According to the daily timeframe set up and structure, we are likely to see sellers take full control towards 1.32 and may push price much lower. A breakout above the previous week’s highest high may attract a long term buy.
Trade Recommendations:
We’re sellers towards 1.32
Origin: FreshForex
