Elliott waves analysis – We’re on the sideline temporarily

Yesterday, the British pound rallied to the lowerside, but is currently pulling back to the upperside. As it is right now, we are looking at nothing but a possible rally towards 1.21260. As it is right now,

we expect a possible pullback towards 1.21270 and may likely break and close above it. If you are looking at this chart right now, we are buyers for now.

We’re on the sideline temporarily