Elliott waves analysis – We’re sellers towards 1.12625

The british pound is currently rallying towarrds the lowerside. Following the fact the fact that Euro could not break above the upper trendline, we sold the last impulsive wave (c) temporarily, we are expecting a possible rally towards1.12625 and may likley see the price continue much lower. On this chart, as long as the prie remains below the previous day’s highest high, we are looking for sell positions:

We’re sellers towards 1.12625