Elliott waves analysis – We’re buyers towards 1.22

During the previous trading day, the British pound rallied to the upperside but is still above 1.20232. On this chart, we expect nothing but a possible momentum to the upperside,

on this chart, I recommend looking for long term buy position towards 1.21460 and may continue to the upperside. On the flipside, should the price break and close below 1.20232, then this will be a good place conssider a possible long term sell position towards 1.17510.

We’re buyers towards 1.22