Elliott waves for Forex correlation analysis – GBPUSD Elliot Waves Analysis For 19 August 2016

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GBPUSD – Flat Wave Analysis GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair traded long and even broke above a key resistance level 1.31372, we expect the just broken level to act as a support to any downward rally. Since the price is already rebounding from it, now is the most opportune moment to buy this pair at a low risk. Ideally, its wise to buy wave [5] towards 1.3228 or even higher. A breakout above this target my push the price further to the upper side. This pair should be traded alongside GBP/JPY, GBP/CAD, GBP/AUD and GBP/NZD. These pairs have a strong positive correlation of up to +0.90 and will have a similar price action during this intraday. Trade Recommendations: Go long around 1.3137 with an ideal target at 1.3228. Sell positions are only recommended below 1.3115 with an ideal target at 1.2997.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_82844.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063Запись Elliott waves for Forex correlation analysis – GBPUSD Elliot Waves Analysis For 19 August 2016 впервые появилась Forex.

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