Elliott waves analysis – We’re buyers towards 1.24335

During the previous trading day, the british pound pulled back to the upperside and is still showing signs of continuing to the upperside. As it is right now, I expect nothing but a possible rally to the upperside. We are looking for a possible break and close above 1.24335 to pick a possible long terem buy position towards 1.25 and may rally much higher.

We’re buyers towards 1.24335