Just as in Euro, the British pound bounced off from the zone 1.43289-1.40855. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave could and could see a break below the lower trendline towards 1.21947. If the price breaks below this target, 1.21947, then further momentum to the lowerside is expected, and in case the price breaks above 1.43289, then further momentum to the upperside is expected towards 1.62950
Trade Recommendations:
We're Sellers towards 1.21947.
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