Main >
Analytics
>
Fresh forecast
>
Elliott waves analysis
>
Look for a possible buy around 1.40411

Look for a possible buy around 1.40411 | 03 April 2018

03 April 2018, GBP/USD

Look for a possible buy around 1.40411

Wave Analysis:

After being contained along the rising supportive trend line since December 2016, in 2017, the cable pulled away from this trend line and has currently formed a steep trend line to the upper side. Recently, the price broke above 1.40411 but has just currently pulled back to it. The level 1.40411 is a short term support level and as long as it is not violated to the lower side, we expect a possible rebound from this support to rebuy both the impulsive waves (v) and (c). Should the price break below 1.40411, then we’ll expect a possible further bearish correction towards the weekly support zone 1.3592-1.33041. This is a good zone for long term buyers and should the price rebound from it, then this will be a good place to long this pair at the least risk possible.

Trade Recommendations:

Look for a possible buy around 1.40411 towards 1.485

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Login

Tunjukkan kata laluan

Hide password

 Terlupa kata laluan anda?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.