manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus

Close
Log in

Still bullish with the first target at 1.3477

17 November 2017, GBP/USD

Still bullish with the first target at 1.3477

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (1) stretched slightly to the upper side and is still pretty much bullish both on the daily and the weekly charts. During this intraday, we expect a possible extension of the impulsive wave (1) to the upper side and should break above 1.3477, where we'll be looking to continue long with the impulsive wave (3) to the upper side with the next target at 1.4198 or even higher. This pair should be traded alongside GBPHKD, GBPMXN and EURUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday. Only buy or sell gbpusd if the other pairs are giving the same signal.

Trade Recommendations:

Still bullish with the first target at 1.3477 and the next target at 1.4198

FreshForex cancels commissions!

Graham Osano
Agree with the review?
Traders' opinion:
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 .