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Bulls still in control

Bulls still in control | 23 May 2017

23 May 2017, GBP/USD

Bulls still in control
Wave Analysis:
Yesterday, the impulsive wave (c) traded on the higher ranges but is still reluctant to spike higher as previously expected. During this intraday, we expect a possible extension of the impulsive wave (c) to the upper side but should not go beyond 1.3458; from where we'll be looking for low risk sell positions. Expect a similar wave count in GBPCAD, GBPAUD and EURUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:

Expect a possible bullish price movements towards 1.3458

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Bob Stan
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