Elliott waves analysis – We’re sellers.

The British pound is currently heading to the upperside. As long as the price remains below the three moving averages, I expect nothing but a possible momentum to the upperside. The anticipated bearish price rally is the continuation of an impulsive wave count and will see the price break below 1.1110 and may head much lower. Therefore, as it is right now, only look for sell positions.

We’re sellers.