Wait for a break above 1.3477 | 20 10月 2017

20 10月 2017, GBP/USD

Wait for a break above 1.3477

Wave Analysis:

Despite making highest lows, the cable continues to correct itself downwards but is still above the recent lowest low 1.3051, as long as the price remains above this level, we expect this level to act as a support to any movements to the lower side. Thus during this intraday, we expect a possible extension of both the impulsive waves (E) and (1) to the upper side but should not go beyond the daily resistance line 1.4091. First, we're waiting for a breakout above 1.3477 to confirm the anticipated bullish price rally towards 1.4091. This pair should be traded alongside CADJPY, AUDJPY, CHFJPY and NZDJPY. These pairs have a strong negative correlation and will move different direction today.

Trade Recommendations:

Wait for a break above 1.3477 to buy the cable towards 1.4091.

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.