Elliott waves analysis – We’re waiting for a possible long term buy signal towards 1.43433

The British pound continues to rally to lowerside despite being around a significant monthly supportive zone 1.21950-1.20351. As long as the price does not clearly break and close below this zone on the monthly chartr, we are waiting for a possible long term buy position to pick a long order with an ultimate target set at 1.43433 and may likley continue much higher. As it is right now, we arebuyers. On the flipside, should the price break below 1.20351, then we may look for sell positions.

We’re waiting for a possible long term buy signal towards 1.43433