GBP/USD Forecast: British Pound is currently trading

gbp_usd_news_1Wave Analysis:

The Great British Pound is currently trading within a contracting wegde formation,the price is at the lower trendline,as it is now we expect a rebound towards the upper side upto 1.3570 in continuation of the impulsive wave cycle five.However, should the price break and close below the lower trendline then this would be a good place to look for a sell towards 1.3495, but as of now we are buyers.

Trade Reccommendations:

We are buyers towards 1.3570.

Origin: FreshForex

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