Expect a possible bullish price rally towards 1.3477 | 21 November 2017

21 November 2017, GBP/USD

Expect a possible  bullish price rally towards 1.3477

Wave Analysis:

Yesterday, we saw a slight extension of the impulsive wave (1) to the upper side but is still below our set target. Today, we expect a possible bullish price rally towards 1.3477 or even higher. The anticipated bullish price rally is the continuation of the recent five wave cycle, with an ultimate target at 1.1483. If you're a bit skeptic to long this pair now, you could wait for price to breakout above 1.3477, then buy the impulsive wave (3) with a target at 1.4198. As long as the price remains above 1.3063, only a buy position can be recommended. This pair should be traded alongside GBPAUD, NZDUSD, AUDUSD and GBPNZD. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendation:

Expect a possible bullish price rally towards 1.3477

FreshForex cancels commissions!

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.