GBP/USD Forecast: price bounced off from the upper trendline

gbp_cfd_1Wave Analysis:

Previously, the price bounced off from the upper trendline at the impulsive wave cycle three to the lower side at the corrective wave cycle four.Currently, the price is rallying along the lower trendline, I expect a rebound to the upper side towards 1.3410 or even much higher in continuation of the impulsive wave cycle five. If you are looking at this chat right now, look for buy positions at 1.3132 towards 13410.

Trade Reccommendations:

We are buyers towards 1.3410.

Origin: FreshForex

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