Elliott waves analysis – We’re buyers towards 1.22927

Just as previous forecasted, the British pound bounced off from the upper trendline, and is currently heading to the upperside. Following the bounce from 1.20211-1.20113, the British pound rallied to the upperside and is still showing signs of continuing much higher. On this chart, I recommend holding onto buy positions expecting a bullish rally towards 1.22927.

We’re buyers towards 1.22927