The overall sentiment surrounding this pair largely mirrors that of EUR/USD. There is a general bullish tone, and the price is likely gearing up for an impulsive advance, which will be characterized by an elongated third wave.
If this proves to be the case, we can expect a significant appreciation of the British pound, with the uptrend possibly lasting for a considerable period of time. Under these circumstances,
maintaining previously opened buy positions is recommended, and exploring additional long positions may prove profitable.
Investment idea: Buy 1.2355, Stop Loss 1.2330, Take Profit 1.2600.
Origin: FreshForex
