we're long | 08 Octubre 2018
08 Octubre 2018, GBP/USD
GBPUSD
Wave Analysis
During the previous trading day, the cable traded intensely to the upper side and still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1.3095, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an impulsive wave count to the upperside with an ultimate target at 1.3295. If this target is broken, then further momentum to the upperside is expect with the next ideal target at 1.35.
Trade Recommendations:
we're long
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.
