The cable has sustains the break above 1.27697 | 01 May 2017
01 May 2017, GBP/USD
Wave Analysis:
For the entire previous trading week, the cable rose relentlessly to the upper side and is still showing signs of possible momentum to the upper side. The fact that for the past week, the cable has remained above 1.27697 is a sign that this pair could sustain this breakout. That said, We expect a possible bullish price movements towards 1.33 and could edge even higher. The anticipated upward rally is the continuation of the impulsive wave (v) towards 1.34. Trade this pair alongside GBPAUD, GBPCHF and NZDUSD. These pairs will have a similar wave count during this intraday.
Trade Recommendations:
Expect a possible bullish price movements towards 1.34
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