We're back above 1.2777 | 28 Juni 2017
28 Juni 2017, GBP/USD
Wave Analysis:
During the previous trading day, instead of extending short with our anticipated correction, the cable broke crushed the resistance zone 1.2768-1.2720 and could sustain this breakout. As long as this pair remains above this zone, we expect a possible bullish price rally to the upper side towards the weekly resistance level 1.3301. Expect a similar price action in GBPCAD, GBPAUD, GBPCHF and EURUSD. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday.
Trade Recommendations:
Expect a possible bullish price movements towards 1.3301
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.
