GBPUSD Technical Analysis For 18th November 2015 | 18 Noviembre 2015
18 Noviembre 2015, GBP/USD
Wave Analysis:
GBP/USD is currently trading with a bearish bias. Instead of heading short as previously forecasted, the pair crossed above 1.5171, and is currently just trading above it. We are waiting for a cross below 1.5171, and the immediate red lower trendline before we continue short with wave (c). Traders trading this pair should observe other pairs such as GBP/JPY, GBP/HKD, AUD/JPY and AUD/USD for similar price movements. Only buy or sell Pounds if all the other positively correlated pairs are giving the same signal.
Trade Recommendations:
Sell below 1.5171 with targets at 1.4846 and 1.4585.
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.
