Wave Analysis
GBPUSD is currently rallying around 1.362664. As it is right now we are waiting for a clear rebound from the immediate trendline to pick a possible long term buy position back towards 1.40313 and may breakout to the upper side towards 1.43920 and may continue much higher. On the other side, should the price break below the immediate trendline, then we will be setting for a possible sell position towards 1.20952.
Trade Recommendations:
We’re on the sidelines.
Origin: FreshForex
