Wave Analysis
The British pound is currently in an active up trendline. We’re expecting a possible continuation to the upper side and should breakout above 1.36490 towards 1.378 or even higher. A rebound from the upper trend line will attract a possible sell position towards the lower trendline. If the price pulls back to the lower then the best place to consider a possible buy position is from the lower trendline. A breakout below this trend line will mean we are continuing to the lower side with our target at 1.32250.
Trade Recommendations:
Look for long term buy positions towards 1.36490.
Origin: FreshForex
