Elliott waves analysis – We’re sellers

During the previous trading day, the British pound rallied to the lowerside, then further momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break and close below 0.89 and will likely continue to the lowerside. On this chart, I expect nothing but a possible long term sell positions.

At this point, only see positions looks ideal and can safely be recommended unless the price breaks and close above the Tuesday’s highest high.

We’re sellers