29 June 2017, GBP/USD
Wave Analysis:
The cable is trading with a strong bullish bias momentum. As long as the price remains above 1.2769-1.2720, we expect a possible bullish acceleration towards 1.3034 and a possible break with the next ideal target at 1.3319. The current chart set and structure is pretty much bullish and holding onto or shorting this pair may not be the best idea, we'll only sell this pair incase 1.3034 rejects the price or if the price gets below 1.2768. Expect a similar wave count in EURUSD, NZDUSD and GBPCAD. These pairs will have a similar price action during this intraday.
Trade Recommendations:
Expect a possible bullish price rally with the first target at 1.3034. A break above this level will push the price further to the upper side with the next target at 1.3319
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