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Remain long

15 September 2016, GBP/USD

Remain long

Wave Analysis:
As previously forecasted, the corrective wave (b) traded short but could not break below the immediate supportive trend line. Following the rebound from this trend line, we expect a possible bullish price movements towards 1.41114 or even higher. This means, if you're not long already, now is the correct time to go long. Expect a similar rally in GBP/HKD and AUD/USD. These pairs have a strong correlation and will have a similar price action during today.

Trade Recommendations:

Now is the time to go long with an ideal target at 1.41114

Graham Osano
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