Wave Analysis
The cable is still rallying above 1.2768, we’re waiting for a clear breakout below 1.2768 to confirm that we’re short with an ideal target at 1.2100. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should first break below 1.2535, if this is the case, then further momentum further to the lowerside is expected. And on the flip side, should the price bounce from 1.2768, then this will be an ideal place to pick an upward position with an ideal target at 1.3301.
Trade Recommendations:
Buy a bounce from 1.2768 towards 1.3301
Origin: FreshForex
