Just as the the British pound nothing much happened on this pair, the price pulled slightly to the upperside and is still pretty much consolidating within the previous day's highest high and lowest low. If the price breaks and closes below the previous day's lowest low, then this will mean we're continuing short with the last impulsive wave towards 1.1851.On the otherside, should the price break beyond the previous day's highest high, then further momentum to the upperside is expected with an ultimate target set around 1.2096 and could move even higher towards 1.21.
Trade Recommendations:
We're on the sidelines
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