05 9月 2017, GBP/USD
Wave Analysis
During the previous trading day, there was a minor correction of the impulsive wave (c) to the lower side. During this intraday we expect a possible extension of the impulsive wave (c) of the larger corrective wave (b) to the upper side but should not go beyond 1.3027. If you're a bit skeptic to long this pair, you could sit on the sidelines and wait for a rebound from 1.3027 to pick a short position towards 1.2636. The anticipated bearish price rally is the continuation of the larger impulsive wave (c) to the lower side. This pair will have a similar price action during this intraday and will move in the same direction during this intraday.
Trade Recommendations:
Remain long with an ideal target at 1.3027. Alternatively, you could wait and short the cable upon a rebound from 1.3027 with your target at 1.2636.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
