Wave Analysis
Last week On Friday, the British pound bounced off from the lower trendline, headed to the upperside and is still showing signs of rallying to the upperside. As long as the price remains above the lower trendline, we expect an acceleration towards the upper resistance level 1.17554 and will see the price rebound from it. If the price breaks above it, then further momentum to the upperside is expected.
Trade Recommendations:
We’re buyers towards 1/17554.
Origin: FreshForex
