GBPUSD – Flat
Wave Analysis:
The cable has picked a momentum to the upperside. Perfectly as we previously forecasted, while the price is above 1.32708, we expect a possible momentum to the upperside, the anticipated bullish price rally is the unfolding of another impulsive wave count but should not go beyond 1.42905. This view can only be invalidated in case the price breaks below 1.32708, and even then, we’ll need a proper confirmation that the price will indeed continue to the lowerside with the next ideal target at 1.27252.
Trade Recommendations:
We’re long towards 1.42905
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