Buy the cable upon a rebound from 1.3612 | 02 مارس 2018

Wave Analysis:

Despite the previous forecast that the cable could continue to decline towards the daily support seen at 1.3612, this pair pulled back slightly to the upper side but still within our sellers territory. As long as the price remains below 1.3980, we expect a possible bearish price rally towards 1.3612 and may break below towards 1.3135 or even lower. If your not in any position now, you could wait for a rebound from 1.3612 to long this pair, if the price should break below, then we expect further momentum towards 1.3135 or even lower. This pair should be traded alongside GBPAUD,GBPCHF and NZDUSD.

Trade Recommendations:

Buy the cable upon a rebound from 1.3612