Wave Analysis
Yesterday, the British pound rallied to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the lower trendline, we are looking for a possible long term sell position. However, if the price again pulls back up and closes above the same trendline, then we will be looking for a possible long term buy positions. The anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break above 1.33685 towards 1.34281.
Trade Recommendations:
We’re watching for a possible break and close above 1.32380 to pick a possible long term buy positions.
Origin: FreshForex
