Wave Analysis:
Yesterday, the British pound continued to rally to the lowerside and is still showing signs of continuing much lower. As it is right now, there is a strong positive correction between EURUSD and the British pound. As long as we continue to see sell opportunity on any one of these, we will maintain a sell on the other one. Generally this chart is very bearish and chances of continuing short are very high.
Trade Recommendations:
We’re sellers towards 1.17060
Origin: FreshForex
