07 Septiembre 2017, GBP/USD
Wave Analysis
Perfectly as previous forecasted, the impulsive wave (c) traded on the higher ranges but is currently finding it hard to close above the 4 hour resistance level 1.3058, we're waiting for a breakout above this level to give us the green light to continue short with the impulsive wave (c) to the upper side with our target still fixed at 1.3275. From the higher time frame, this pair is in an up trend and therefore, selling or holding onto a short position in this pair may not be the best choice, instead, we're only interested in long positions. This view will only be rendered futile in case the price breaks below the lower trend line, if this happens, then an acceleration towards 1.2571 will be inevitable. Trade this pair alongside EURUSD and NZDUSD.
Trade Recommendations:
Remain long towards 1.3275