We're short as long as the price is below 1.32965 | 03 Julio 2018
03 Julio 2018, GBP/USD
Wave Analysis
Despite the two pin bars seen a fortnight ago, the cable continues to rally to the lower side. As we previously forecasted, as long as the price remains below 1.32965, we expect further momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should breakout below 1.27252 but should not go beyond 1.2000. This view can only be invalidated in case the price breaks above 1.32965, this being the case, we'll expect a rally to the upper side towards 1.38360.
Trade Recommendations:
We're short as long as the price is below 1.32965
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
