The cable continues to consolidate in an upward manner despite our expectations to spike higher. As long as the support level 1.2770 remains intact, we expect an acceleration to the upper side towards 1.33. The anticipated upward rally is the continuation of the impulsive wave (c) towards 1.3275 and may extend higher to 1.33. Expect a similar wave count in EURUSD, AUDUSD and GBPCAD. These pairs have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendations:
Expect a possible bullish wave count towards 1.3275
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