Wave Analysis
The British pound is currently below the zone 1.3373-1.3350. As long as the price remains below this zone, we are on the sidelines, basically, we are waiting for a clear breakout above this zone to pick further buy positions. The anticipated bullish price relly is the continuation of the last impulsive wave (C) to the upperside and may see the price break above 1.3606 towards 1.3694 and may extend much higher. On this chart, buy positions looks ideal and can safely be recommended.
Trade Recommendation:
Wait and buy a break above 1.3373 with your target at 1.3694
Origin: FreshForex
