Wave Analysis
Not much happening on this pair, the cable is still below the level 1.33015. We expect the bounce from this level(1.33015) to have marked an end to the impulsive wave (c) that the current rally to the lowerside seen since the previous week is the unfolding of an impulsive wave to the lowerside and should head straight towards 1.26781. A clear breakout above 1.33015 will push the price to the upperside towards 1.45206, and on the flip side, should the price close below 1.26781, then we’ll look for a long term sell towards 1.21280.
Trade Recommendations:
We’re short from 1.33015 with our take profit at 1.26781.
Origin: FreshForex
