manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Close
Log in

GBPUSD Elliot Waves Analysis For 14 March 2016

14 March 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 14 March 2016
Wave Analysis:
GBP/USD is currently trading with a bullish bias. During the previous trading day, pound traded perfectly long with wave [5] ending within the zone 1.4375-1.4415 as previously forecasted. During this intraday, we sit on the sideline and only buy above 1.4415 with our ideal target at 1.4510. Sell orders are only ideal in case the price breaks below 1.4330. This pair should be traded alongside AUD/USD and CHF/ZAR. These pairs have a strong positive correlation of up to +0.89 and will likely move in the same direction during this intraday. Only buy or sell pound if the other pair are giving the same signal.

Trade Recommendations.

Conservative traders should sit on the sideline and only buy above 1.4415 with their ideal target at 1.4510. Sell orders are only ideal in case the price breaks below 1.4330.

Graham Osano
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.