Elliott waves analysis – We’re long towards 1.2175.

The British pound continues to pullback to the upperside but is still below 1.21350. As long as the price remains below this level, I am waiting for nothing but a possible rebound from 1.21765 to pick a possible long term sell position back towards 1.19 and may continue to the lowerside. On the flipside, should the price break and close above 1.21350, then this will be a good place top look for buy positions towards 1.22595.

we’re long towards 1.2175.