Wave Analysis;
The Great British Pound is currently trading in an expanding wedge formation,the price rebounded to the upper trendline in continuation of the impulsive wave cycle five.Recently the price has been rallying around the upper trendline, I expect a rebound to the lower side towards 1.2915 or even much lower.Alternatively should the price break above the upper trendline clearly,we expect to continue to the upper side with our first ideal targer at 1.3575.
Trade Reccommendations:
We are sellers.
Origin: FreshForex
