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Look for long positions towards 1.4278.

Look for long positions towards 1.4278. | 11 April 2018

11 April 2018, GBP/USD

Look for long positions towards 1.4278.

Wave Analysis:

The cable continues to gain momentum to the upper side but is still below the daily resistance level 1.4275. We still expect a possible momentum to the upper side but should not go beyond 1.4278, if this target is broken, then the price may continue upwards but should not break above 1.52. This view will only be invalidated in case the price rebounds from 1.4278, this being the case, we'll expect a bearish momentum towards 1.3817 or even lower. If you're an intraday trader, you could look for short term long positions towards 1.4278.

Trade Recommendations:

Look for long positions towards 1.4278.

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Bob Stan
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