As long as the price remains above 1.3025, expect a possible bullish price rally towards 1.33 | 28 يوليو 2017

Wave Analysis:

Yesterday, a slight correction of the impulsive wave (c) was witnessed when the price could not extend above 1.3119, instead, there was a rebound from this level and could even extend lower. This downward rally is a mere corrective wave count and should not go beyond the end of the impulsive wave (a), 1.3025, if this level is broken, then the price could extend even lower. But as long as the level 1.3025 protects the lower side, we're interested in long positions towards 1.33. This pair should be traded along side GBPAUD, NZDUSD, AUDUSD and EURUSD. These pairs have a strong positive correlation of up to +68% and will move in the same direction during this intraday. Only buy or sell the cable if the other pairs are giving the same signal.

Trade Recommendations:

As long as the price remains above 1.3025, expect a possible bullish price rally towards 1.33