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We're back above 1.2777

We're back above 1.2777 | 28 June 2017

28 June 2017, GBP/USD

We're back above 1.2777

Wave Analysis:

During the previous trading day, instead of extending short with our anticipated correction, the cable broke crushed the resistance zone 1.2768-1.2720 and could sustain this breakout. As long as this pair remains above this zone, we expect a possible bullish price rally to the upper side towards the weekly resistance level 1.3301. Expect a similar price action in GBPCAD, GBPAUD, GBPCHF and EURUSD. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday.

Trade Recommendations:

Expect a possible bullish price movements towards 1.3301

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Bob Stan
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