Wave Analysis:
During the previous trading day, the British pound bounced off from the upper trendline and is still pretty much bearish both on the daily and on the weekly charts. A it is right now, we’re looking forwards to a continuation of the last impulsive wave (E) to the lower side and should break below 1.37 yo the lowersider. On the upperside, if the price breaks and closes above the upper trendline, then we may consider a possible long term buy position.
Trade Recommendations:
We’re sellers towards 1.37
Origin: FreshForex
