Wave Analysis
During the previous trading day, nothing much happened on this pair. The British pound closed almost around the same place it opened. While the price remains within61.8% fib level and 38.2% fib level. We are on the sidelines, we are waiting for either a breakout below 61.8% fuib level to pick a long ter sell position trowards 1.35780 or a breakout above 38.2% fib level to push the price to the upperside towards 1.41900 and could breakout much higher with the next ideal target set at 1.45 or even higher.
Trade Recommendations:
Buy a breakout above 38.2% fib level towards 1.41900.
Origin: FreshForex
