GBP/USD Forecast: British pound pulled back to the lowerside

gbp_usd_news_1Wave Analysis

During the previous trading day, the British pound pulled back to the lowerside and is now below 1.14640, on this chart, we are temporarily looking for sell positions. The anticipated bearish price rally is the continuation of a bearish price rally and may see the price continue downwards with the next ideal target set at 1.11230 and may likely extend much lower towards 1.03850.

Trade Recommendations:

We’re waiting for a sell.

Origin: FreshForex

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