Stil short towards 1.33051 | 07 Mei 2018
07 Mei 2018, GBP/USD
Wave Analysis
For almost three weeks now, the cable bounced off from the weekly resistance zone 1.42311, since then, this pair has been in constant downtrend and even went below the short support level 1.37050, we expect this downward rally to have been the continuation of the impulsive wave a to the lower side, that if you didn't go short based on the previous forecasts, you could wait for the corrective wave b to correct itself slightly towards 1.35912 to sell the last impulsive wave c with an ultimate target at 1.33051.
Trade Recommendations:
Still short towards 1.33051
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.
