28 Juni 2017, GBP/USD
Wave Analysis:
During the previous trading day, instead of extending short with our anticipated correction, the cable broke crushed the resistance zone 1.2768-1.2720 and could sustain this breakout. As long as this pair remains above this zone, we expect a possible bullish price rally to the upper side towards the weekly resistance level 1.3301. Expect a similar price action in GBPCAD, GBPAUD, GBPCHF and EURUSD. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday.
Trade Recommendations:
Expect a possible bullish price movements towards 1.3301