GBPUSD – Flat
Wave Analysis
Yesterday, the British pound bounced off from the lower trendline and is currently heading to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is an onset of a bullish price rally, and may see the price continue towards the upper trendline. On the flipside, if the price breaks below the lower trendline, then a momentum towards 1.13505 is expected.
Trade Recommendations:
We’re on the sidelines for now expecting a bullish rally towards the previous week’s highest high.
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