GBPUSD – Flat
Wave Analysis
During the previous trading day, the British Pound rallied to the upperside and even went above the upper trendline, we are waiting for a sign that the price will sustain itself above this trendline, if this is the case, then further momentum to the upperside is expected. If the price rebounds from the same trendline, then further momentum to the lowerside is expected towarrds the lower ttrendline. If this trendline, is brpken, then further momentum ever lower is expected.
Trade Recommendations:
We’re on the side lines is expected.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
