Elliott waves analysis – We’re buyers towards 1.21283

During the previous trading day, the British pound rallied to the lowerside but could not go beyond 1.19155. As long as the price remains above 1.19155, we are waiting for a rebound from this level to pick a possible long term buy position towards 1.2128 and may likely continue to the upperside towards 1.23 or even higher.

We’re buyers towards 1.21283