03 tháng Giêng 2018, GBP/USD
Wave Analysis:
During the previous trading day, the impulsive wave (1) broke above the short term resistance level 1.3506, and is still above it. During this intraday, we expect a possible extension of this impulsive wave to the upper side before a correction. If you're not long already, you could wait for a slight correction to the lower side, then buy the impulsive wave (3) with your target at 1.4365. Ideally, we expect a possible bullish price movements to the upper side as long as the price remains above 1.3506, if the price breaks below, then the price could drop even further towards 1.3064. This pair should be traded alongside GBPHKD, GBPMXN and GBPSGD. These pairs will move in the same direction today.
Trade Recommendations:
Buy the cable upon a clear correction towards 1.3506 towards 1.4365.
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