15 July 2016, GBP/USD
GBP/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted and is still pretty much bullish. We wait for a clear breakout above 1.3491 to give us the green light to continue long towards 1.41199. A clear rebound from 1.3491 will culminate into a possible bearish price rally but should not go beyond 1.3226. This pair should be traded alongside GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.
Wait for a clear breakout above 1.3491 to go long with an ideal target at 1.41199. Sell orders are only recommended upon a clear rebound from 1.3491 with an ideal target at 1.3226
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us