GBPUSD – Flat
Wave Analysis:
After breaking above the upper trendline, the British pound is yet to hit the level 1.17669. This is a key resistance level and while the price remains below it, we are waiting for a rebound from it to pick a possible long term sell position. A clear break and close above this level will push the price to the upper side towards 1.20 and may likely extend much higher towards 1.21 or even higher.
Trade Recommendations:
We’re watching for a sell from 1.17669.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
