Short towards 1.3352. | 23 Mei 2018
23 Mei 2018, GBP/USD
Wave Analysis
During the previous trading day, the impulsive wave c extended slightly to the lower side but is still pretty much bearish both in the lower and the higher time frames. Today and in the next few days, we expect a possible rally towards 1.3352 and may break below towards 1.2697. This view can only be rendered futile in case the price rebounds from 1.3352, this being the case, we'll expect a rally to the upper side. However a break below 1.3352 will mean we're continuing short with the impulsive wave c to the lower side and may extend below 1.2697.
Trade Recommendations:
Short towards 1.3352.
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.
