Bulls still in control | 11 September 2017

Perfectly as previously forecasted, the impulsive wave (v) extended to the upper side and is still pretty much bullish both on the daily and weekly charts. During this intraday, we expect a possible extension of this impulsive wave towards our target still fixed at 1.3275. If this resistance is broken, then the price could rise even further towards 1.35. In the meantime, this pair is very bullish and therefore short positions cannot be recommended whatsoever. We’ll only be interested in short position upon a clear rebound around 1.3275. This pair will have a similar price action to EURUSD, NZDUSD and AUDUSD. These pairs will have a similar price action during this intraday.

Remain long with an ideal target 1.3275.