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We're long with our first target at 1.3477

We're long with our first target at 1.3477 | 07 November 2017

07 November 2017, GBP/USD

We're long with our first target at 1.3477

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (1) stretched higher as expected and is still showing signs of rising even higher. We expect last week's lowest low to be a mere higher low and should mean we're still rising towards 1.3477. If you didn't go long around 1.3060, you can wait and buy this pair above 1.3477 towards 1.4091. The anticipated long position is the continuation of the impulsive wave (3) to the upper side with an ultimate target at 1.4091. This pair should be traded alongside GBPAUD, GBPNZD, and GBPCHF.

Trade Recommendations:

We're long with our first target at 1.3477 and the 1.4091.

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Bob Stan
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