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Bulls taking the lead

Bulls taking the lead | 30 June 2017

30 June 2017, GBP/USD

Bulls taking the lead

Wave Analysis:

The cable is currently trading with a strong bullish bias momentum. During this intraday, We expect a possible impulsive wave count to the upper side and should not go beyond 1.3485. A break above this level may push the price further to the upper side with an ultimate target at 1.35. At the moment, the daily chart looks very bullish and therefore selling or holding onto a short position cannot be recommended at the moment. Expect a similar wave count in GBPCAD, GBPAUD and EURUSD. These pairs will have a similar wave count during this intraday.

Trade Recommendations:

Expect a possible bullish price rally with an ideal target at 1.35.

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Bob Stan
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