Still long | 25 January 2018

25 January 2018, GBP/USD

Wave Analysis:

During the previous trading day, both the impulsive waves (5) and (c) stretched massively to the upper side and are still pretty much bullish. During this trading day and in the coming few days, we expect a possible extension of this rally to the upper side and should break above 1.4370 towards 1.45. According to the 4 hour chart and the daily charts, a rally to the upper side is highly anticipated. This pair should be traded alongside GBPAUD, GBPCHF, GBPNZD and GBPHKD. These pairs have a strong positive correlation and will move in the same direction today. Only buy or sell the cable if the other positively correlated pairs are giving the same signal.

Trade Recommendations:

Long towards 1.45

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .