GBPUSD Elliot Waves Analysis For 21 June 2016 | 21 Junio 2016

21 Junio 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 21 June 2016

Wave Analysis

GBP/USD is currently trading with a bullish bias. Yesterday, the pair gapped up into our resistance level 1.47057 but could not close above it. We are waiting for a clear breakout above 1.4726 to mark the continuation of the upward trend, while a clear rebound from the zone 1.4694-1.47057 will lead to an acceleration to the lower side but should not go beyond 1.4368. This pair should be traded alongside NZD/USD, GBP/JPY, GBP/CHF, AUD/USD and AUD/JPY. These pairs have a strong positive correlation and will have a similar price action during this intraday.

Trade Recommendations:

As long as the pair trades below 1.47057, look for short positions with an ideal target at 1.4579 and the next target at 1.4450. A clear breakout above 1.4726 will mean looking for long positions with an ideal target at 1.4815.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.