Wave Analysis
During the previous trading day, the cable traded massively to the lowerside and is currently rallying around the previous week’s lowest low, 1.310. This could be a good buy place for long term buyers and as long as the price is contained above the previous week’s lowest low, we’re looking for along position with an ultimate target at 1.33300. However, should price remain below 1.31896, then we may seen a bearish momentum but should not go beyond 1.27252.
Trade Recommendations:
We’re looking for long positions
Origin: FreshForex
