Wave Analysis:
Just as in the EURO, the British pound is currently pulling back to the upperside. As it is now, we are looking forward to the possibility that the price may extend to the upperside as a correction but should not break beyond the two lines shown above, as it is now, we expect a possible continuation much higher and a rebound from around 1.34281 and should not go beyond it. If you are on this chart right now, sell positions are still recommended for the long term traders.
Trade Recommendations:
We’re waiting for a selll from around 1.34281
Origin: FreshForex
