GBP/USD Forecast: British Pound is currently moving in a corrective wave cycle

gbp_usd_news_1Wave Analysis:

The Great British Pound is currently moving in a corrective wave cycle.We expect the price to go upto the upper trendline in continuation of the corrective wave cycle four, then bounce back to the lower trendline towards 1.3295 or even much lower.If you looking at this chat right now, wait for the price around 1.3420 then pick sell positions.Unless the price breaks above the upper trendline clearly, we are sellers from 1.3420.

Trade Reccommendations:

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