Waiting to sell from 1.2184 | 15 3月 2017

15 3月 2017, GBP/USD

Waiting to sell from 1.2184

Wave Analysis:

Just as in Euro, the cable retraced lower than expected and even broke below the short term support level 1.2184 but got supported by the lower supportive trend line. We expect the upward rally witnessed following the rebound from this trend line to be the unfolding of the corrective wave (b) and should not go beyond 1.2184 from where we'll be looking to sell the impulsive wave (5). Any clear break above 1.2184 will invalidate the anticipated bearish price rally and could push the price further to the upper side but should not go beyond 1.2289. Expect an exact opposite price action in USDCHF and USDJPY. These pairs have a strong negative correlation to the cable and will move in different directions during this intraday.

Trade Recommendations:

Wait for a clear rebound from 1.2184 to go short with an ideal target at 1.19. Any clear break above 1.2184 will call for long positions with an ideal target at 1.2725.

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.