Bulls should come back soon | 18 10月 2017

18 10月 2017, GBP/USD

Bulls should come back soon

Wave Analysis

For the past six months, the price of GBPUSD has been rising making higher lows. This upward momentum is bound to correct the previous downward impulsive five wave cycle which ended at the monthly support level 1.2106 – 1.2081. We are now in the first phase of the impulsive wave (E) which is expected to extend up to 1.4740. Price is now approaching a daily resistance level 1.3428 – 1.3477 hence we should be buying.. If this level is broken, price could rally further upwards towards 1.4091 then to 1.4740. If you are hesitant to buy now, wait for price to break this resistance level and re-buy towards 1.4091.

Trade Recommendations.

Buy GBPUSD now towards 1.4740.

FreshForex cancels commissions!

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus