We're long towards 1.3836 | 25 July 2018

25 July 2018, GBP/USD

Wave Analysis

After the previous week's bullish pin bar, the cable rallied slightly to the upperside and is still pretty much bullish both on the daily and the weekly charts . We expect the rebound from 1.30706 to have marked an end to the corrective three wave cycle, that the current bullish price rally is the unfolding of another impulsive wave count and should break above 1.38360, but should not go beyond 1.42905. Conservative traders should wait and rebuy the cable around 1.3070 with your take profit at 1.3836.

Trade Recommendations:

We're long towards 1.3836

Do you know against which currencies GBP is the most profitable?

More trading assets here...

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus