Long term buyers should wait | 07 Maret 2018
07 Maret 2018, GBP/USD
Wave Analysis:
Despite earlier forecasts that this pair could decline towards 1.3662. The cable continues to correct itself to the upper side and may break above 1.3980 but should not go beyond 1.4190. We're still waiting for a long term buy upon a rebound from 1.3662. However, as an intraday trader, you could still be looking for short term long positions towards 1.4400, or you could wait for pullbacks then pick long positions. A good place to sell this pair is upon a break below 1.3662, with your target at 1.3125.
Trade Recommendations:
Long term buyers should wait for a rebound from 1.3662 to buy this pair towards 1.4618
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.
