Elliott waves analysis – We’re sellers

The British pound is currently in an active downtrend. As long as the price remains below the two moving averages attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and should se price create fresh new weekly lowest low towards 1.0 and may head much lower. On this chart, only sell positions looks ideal and can safely be recommended.

We’re sellers