GBPUSD – Flat
Wave Analysis
On the British pound chart, the British pound pulled back upwards but could not go beyond 61.8% fib level, as long as the price remains below this fib level, I expect nothing but a possible momentum to the lower side. As it is right now, I am waiting for a rally towards 38.2 % fib level and may push the price much lower towards 1.03860 and may rally much lower towards 1.02 or even lower.
Trade Recommendations:
Wait
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
