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Short the cable towards 1.3662

Short the cable towards 1.3662 | 16 March 2018

16 March 2018, GBP/USD

Short the cable towards 1.3662

Wave Analysis:

This market is gradually shifting from buyers dominance to sellers. Our main buyers territory is situated around 1.3662, and as long as the price is above it. This place remains to be our buyers place. At the moment, any clear sell sign will attract a sell position with our target at 1.3662. If you're a bit skeptic to enter this sell position, you could wait for a rebound from 1.3662 to buy or a break below to sell. This pair should be traded alongside GBPHKD, GBPSGD and GBPMXN. These pairs may have a similar price action today.

Trade Recommendations:

Short the cable towards 1.3662

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Bob Stan
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