GBPUSD Elliot Waves Analysis For 22 July 2016 | 22 Julio 2016

22 Julio 2016, GBP/USD

Wave Analysis

GBP/USD is currently trading with a slight bearish bias. During the previous trading day, The cable traded neutrally on either sides of the market but ended up closing a few pips from it's daily opening price. We expect to continue to the upper side but only up to 1.3421. A break above 1.3491 will lead to further momentum to the upper side . This pair should be traded alongside GBP/JPY, GBP/CHF, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bullish price rally to go long with an ideal target at 1.3421.

.

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.