We're still long

11 October 2018, GBP/USD

We're still long

Wave Analysis

After breaking above 1.31278, the cable continued to the upper side and is still very much bullish both on the daily and the weekly charts. As long as the price remains above 1.32430, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upper side and should break beyond 1.32660 towards 1.34 or even higher. According to the current time frame, only a buy position looks more ideal and can be recommended with an ultimate target at 1.36.

Trade Recommendations:

We're still long

101% Double the volume

All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Graham Osano
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus