GBP/USD Forecast: British pound rallied to the lowerside

usd_gbp_news_2Wave Analysis

During the previous trading day, the British pound rallied to the lowerside and is still showing signs of continuing much lower. On this chart, we are still holding on the position we took during the previous the trading day expecting a break and close below 1.3219 and may extend much lower. If you are on this chart right now, keep looking for long term sell positions. As it is right now, only sell positions looks ideal and can be recommended.

Trade Recommendations:

We’re sellers towards 1.3219

We're sellers towards 1.3219

Origin: FreshForex

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