Wave Analysis:
The Great British Pound has been rallying within the upper and the lower trendline for a while now, during the previous trading days the price bounced off from the upper trendline towards the lower side at the impulsive wave cycle five. Right now the price is on the lower trendline, I expect it to break below and continue downwards or rebound towards the upper side. If you are looking at this pair now, wait for the price to either break below or give a clear bullish sign.
Trade Recommendations:
We are on the sidelines.
Origin: FreshForex
