GBPUSD – Flat
Wave Analysis
Just as the Euro, the British pound is showing signs of extending much higher. As it is right now, I am looking forward to a possible rally to the upperside with the next ideal target bset at 1.24422. If the price breaks and close above it, then further momentum to the upperside is expected with the next ideal target set around 1.27785. On the flipside, if the price breaks and closes below 1.22667, then further momentum much lower is expected towards 1.20540.
Trade Recommendations:
We’re long towards 1.24422.
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