GBP/USD Forecast: expect a rebound from the upper trendline towards the lower trendline

gbp_usd_news_1Wave Analysis:

This pair is currently on a corrective mood,Iexpect a rebound from the upper trendline towards the lower trendline in a move to complete the impulsive wave 5, from level 1.3704 to target level 1.3015 or even much lower below that level.Alternatively,if the price breaks above 1.3704 ,I expect to pick a good long term buy position with my target level at 1.3960 or even much higher.

Trade Reccommendation:

We are sellers from 1.3704 towards target level 1.3015.

We are sellers from 1.3704 towards target level 1.3015.

Origin: FreshForex

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