GBPUSD Elliot Waves Analysis For 14 July 2016 | 14 Julio 2016

14 Julio 2016, GBP/USD

GBPUSD Elliot Waves Analysis For 14 July 2016

Wave Analysis:

GBP/USD is currently trading with a slight bullish bias. During the previous trading day, the cable traded short and ended up forming a possible bearish reversal candle on the daily chart. During this intraday, we anticipate a possible bearish price rally towards 1.3050 or even lower to 1.2797. The current upward rally is a mere retracement and should not close above 1.3344. This pair should be traded alongside GBP/JPY, GBP/CHF, USD/CHF, and AUD/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

Trade Recommendation:

Remain short with an ultimate target at 1.3344

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