We're long with an ideal target at 1.3071 | 27 Abril 2017

27 Abril 2017, GBP/USD

We're long with an ideal target at 1.3071

Wave Analysis:

Yesterday, the impulsive wave (i) broke above the upper resistive trend line and even ended above it. We expect the second retracement to this trend line to have marked the end of the corrective wave (iii) that the current upward rally is the unfolding of the impulsive wave (iii) and should be extensive in nature. This view can only be rendered futile in case the pair end up below 1.27803, if this is the case, then an acceleration to the lower side is inevitable. While you'll be looking to long this pair, short USDJPY and USDCHF. These last two pairs have a strong negative correlation of up to -89% and will move in opposite price action with the cable during this intraday.

Trade Recommendations:

Expect a possible bullish price movements towards 1.3071

FreshForex cancels commissions!

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