Wave Analysis
The British pound is currently in an active downtrend. As long as the price is help below the previous day’s lowest low, we expect nothing but a possible momentum to the lowerside. The ideal here is to keep looking for long term sell positions expecting a break below 1.33586 and could continue much lower towards 1.26560 or even lower. As it is now, buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We’re sellers towards 1.33565
Origin: FreshForex
