GBPUSD Elliot Waves Analysis For 8 February 2016 | 08 Febrero 2016

08 Febrero 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 8 February 2016

Wave Analysis:

GBP/USD is currently trading with a bearish bias. Following a bounce from the daily resistant 1.4611, we expect the price to continue short probably below 1.444 but with our ultimate target at 1.4234. A break above 1.4674 will call for long positions but with our target at 1.4955. This pair should be traded alongside other positively correlated pairs such as EUR/USD, AUD/USD, and GBP/HKD. These pairs have a strong positive correlation of up to +0.93 and are thus expected to have a similar price direction. Only buy or see pound if all the other positively correlated signal are giving the same signals.

Trade Recommendations:

Wait for a break below 1.4437 then sell the pair but with your target at 1.4234. Only buy upon a clear break above 1.466

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.