Remain long | 15 September 2016
15 September 2016, GBP/USD
Wave Analysis:
As previously forecasted, the corrective wave (b) traded short but could not break below the immediate supportive trend line. Following the rebound from this trend line, we expect a possible bullish price movements towards 1.41114 or even higher. This means, if you're not long already, now is the correct time to go long. Expect a similar rally in GBP/HKD and AUD/USD. These pairs have a strong correlation and will have a similar price action during today.
Trade Recommendations:
Now is the time to go long with an ideal target at 1.41114
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
