Buyers are at 1.3662 | 08 Marzo 2018

08 Marzo 2018, GBP/USD

Buyers are at 1.3662

Wave Analysis:

The cable continues to pullback to the upper side but could come crashing down anytime. From the previous day's forecasts, we're still waiting for a rebound from the daily support set at 1.3662 to pick a long position with an ultimate target at 1.4618. As long as the price remains above 1.3662, this level remains to be the best place to buy this pair, otherwise, should the price break below, then we're be waiting for a bearish dominance confirmation to short the cable with an ideal target at 1.3135. This pair should be traded alongside GBPHKD, GBPSGD and GBPMXN. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendation:

Buy cable at 1.3662 with your take profit at 1.4618

FreshForex cancels commissions!

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus