Wave Analysis:
the British pound is currently pulling back to the upperside. As long as the price does not clearly breakout above the upper trendline, we are waiting for a rebound from the upper trendline to pick a possible long term sell position towards then lower trendline and may breakout below it. If you are looking at this chart right now, we are looking for a possible long term sell position towards 1.37765 and may extend much lower towards 1.36.
Trade Recommendations:
We’re waiting for a sell from the upper trendline towards 1.38635.
Origin: FreshForex
