GBPUSD – Flat
Wave Analysis:
The British pound continues to rally above the upper trendline. While we see sustaince above this level, we expect nothing but a possible momentum to the upperside, the idea on this chart is to keep looking for low risk buy positions expecting a possible break above 1.200 and will push the price much higher towards 1.22 or even higher. On this chart, sell positions looks a bit risky and may not be recommended.
Trade Recommendations:
We’re buyers towards 1.200.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
