Bears eying a possible retest of 1.2417. | 07 2月 2017

07 2月 2017, GBP/USD

Bears eying a possible retest of 1.2417.

Wave Analysis:

Instead of rallying to the upper side, the cable continues to retrace lower but should not go beyond the pivot level 1.2417. Any clear break out below this pivot will push the price further to the lower ranges but should not go beyond the support level 1.222 from where we’ll be looking for potential low risk buy opportunities. In the meantime, we choose to stand aside and wait for a possible rebound around 1.2417 to go long or short in case the level is broken to the lower side. Expect a similar price action in AUDUSD, NZDUSD, GBPHKD and EURUSD. These pairs have a strong positive correlation of up to +75% and will have a similar price action during this intraday.

Trade Recommendations:

Wait for a clear rebound around 1.2417 to go long, otherwise, any clear developments below 1.2417 will call for short positions with an ideal target at 1.222.

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