Bulls still in control | 23 May 2017
23 May 2017, GBP/USD
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.Expect a possible bullish price movements towards 1.3458
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.
