Wave Analysis:
The Great British Pound has been trading within the upper and the lower trendline for a while now, previously the price rallied around the upper trendline for sometime but then bounce back to the lower side at the corrective wave cycle four. Right now the price is rallying around the lower trendline, I expect a rebound towards 1.2040 or even higher in continuation of the impulsive wave cycle five. If you are looking at this pair right now pick a buy from 1.1994 towards 1.2040.
Trade Recommendations:
We are buyers.
Origin: FreshForex
