GBPUSD Elliot Waves Analysis For 1 June 2016 | 01 Junho 2016
01 Junho 2016, GBP/USD
Wave Analysis:
GBP/USD is currently trading with a slight bullish. Earlier today, the pair traded short and even broke below our two short terms targets 1.4543 and 1.4480. The level 1.4480 is a strong level and may protect the lowerside, but in case of a clear break below this it, then we expect further rally to the lower side but should not close below 1.4106. this pair should be traded alongside GBP/CHF, EUR/USD and GBP/JPY. These pairs have a strong positive correlation and will have a similar price action during this intraday
Trade Recommendations:
As long as the level 1.4480 protects the lower side, expect a rebound from this level to go long with your target at 1.4543. A break below 1.4468 will mean looking for short positions with your targets at 1.4406 and 1.4304
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.