Wave Analysis
Earlier this week, the British pound rebound from the zone 1.40043-1.39911 and is currently heading to the lowerside and should breakout below 1.39000. A break below this level will push the price much lower towards 1.37040. On the flipside, should the price breakout above 1.40043, then further momentum to the upperside is expected towards 1.41940 towards 1.42430. As it is now, we are looking for long term sell positions expecting the price to breakout below 1.38510 towards 1.36060.
Trade Recommendations:
Remain short towards 1.38510.
Origin: FreshForex
