GBPUSD might have completed Wave A around 1.2675

GBPUSD wave structure remains more clear than its counterparts EURUSD and US Dollar Index. The currency has terminated an impulse wave between 1.1414 through 1.3483 levels respectively. Further, the drop between 1.3483 and 1.2675 looks to be potential Wave A within the proposed corrective wave A-B-C towards 1.2200 mark. If the above proposed structure is correct, bulls might be poised to push towards 1.3200 mark to terminate potential Wave B. Good to sell on rallies from here until 1.3483 remains intact.

Remain short, stop above 1.3500, target is open.

Risk Disclaimer:

Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
GBPUSDTechnical AnalysisTrend AnalysisWave Analysis

Juga pada:

Penafian