Wave Analysis
Earlier today, the cable declined slightly but is still above 1.2768. As we mentioned during the previous week, as long as the price is sustained above 1.2768, we expect nothing but a possible momentum to the upper side, and should the price break below it, then we expect a possible momentum to the lower side, then anticipated bearish price rally will be the continuation of the impulsive wave (c) and should break below 1.2500 towards 1.1635 or even lower. An in case of a bounce from 1.2768, then this will be a good buy place.
Trade Recommendations:
Only Sell the cable on a break below 1.2768 with your take profit at 1.2100.
Origin: FreshForex
