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Short the cable now towards 1.26974.

Short the cable now towards 1.26974. | 01 June 2018

01 June 2018, GBP/USD

Short the cable now towards 1.26974.

wave Analysis

During the previous day, the cable opened at 1.32817 , went as high as 1.33482 and as low as 1.3276 but ended up closing at 1.32936, just a few pips above it's daily opening price. The previous day's candle is perfect bearish pin bar candle closing below a key level 1.33516. As long as the price remains below this zone, we expect a possible rally to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave c to the lower side and should break below 1.30530 towards 1.26974.

Trade Recommendations:

Short the cable now towards 1.26974.

101% Double the volume

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Bob Stan
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