GBPUSD – Flat
The cable
Wave Analysis
Instead of a rebound from 1.30609, the cable pulled back to the lowerside and even went below it, as long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should break below the immediate supportive trendline . If this is the case, then further momentum to the lowerside is expected. According to the chart attached, only a clear breakout above 1.30609 will attract a long term long position.
Trade Recommendations:
We’re continuing short below the lower trendline.
101% Double the volume
!Attention!
All bonus participates in drawdown!
You may check other analytical reviews on FreshForex website. Source: freshforex.com.