In a corrective mode | 12 يونيو 2018
12 يونيو 2018, GBP/USD
Wave Analysis
The cable is currently correcting itself to the lower side but is still above the daily support level 1.32991. As long as the price remains above this level, we expect a possible rally to the upper side. At the moment, we expect a perfect correction towards this support to pick a low risk buy position. The anticipated bullish price rally should be the unfolding of an impulsive five wave cycle but should not go beyond 1.42460. while in this upward position, you could take your profits around 1.38200 and 1.42460.
Trade Recommendations:
Buy the cable upon a rebound from 1.32991
101% Double the volume
!Attention!
All bonus participates in drawdown!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
