25 августа 2017, GBP/USD
Wave Analysis
For the past few days, the cable has been in a constant down trend but is currently approaching a key daily support zone 1.2774. -1.2736, we expect this zone to shield the lower side from any invasion from the upper side, thus, as long as it remains intact, we looking for along position around this zone. . If this zone is broken, then an impulsive wave count towards 1.2440 will be inevitable, but as the current chart set up would have it, we're only interested in long positions. This pair will have a similar price action to EURUSD, GBPHKD and NZDUSD. These pairs, especially the first two have a strong positive correlation to the cable and will move in the same direction.
Trade Recommendations:
Wait for a rebound around 1.2774 to long this pair towards 1.3025
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 