Wave Analysis
GBPUSD is currently in an active downtrend. Last week, the british pound bounced off from the lower trendline but is yet to make any significant moves to the upperside. We expecct the rebound from this trendline to be a temporary pause to the last impulsive wave (E), and could continue much higher yowards 1.3498, if the price breaks above the redline, we’ll expect further momentum to the upperside towards the upper trendline.
Trade Recommendations:
Wait
Origin: FreshForex
