Even after the end of the corrective wave (2) around 1.3384, the cable is still reluctant to pick a momentum to he upper side. We expected a possible rebound from 1.3384 to buy the impulsive wave (3) to the upper side, but as it appears, the cable could consolidate around this zone before eventually picking a momentum to the upper side. But as at the moment, we expect consolations as we wait for a clear indication that the bulls are now taking control. This pair should be traded alongside GBPAUD, NZDUSD, AUDUD and CADJPY. Other than the latter the last three have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendations:
Look for a long position around 1.3384 with an ideal target at 1.1.4463
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
