GBPUSD: Intra-day Waves Are Turning Bullish For Possible Re-test of 1.5600
Our Services Video Tour Subscribe to our newsletter
May 08 2013
GBPUSD is still trapped in 1.5450-1.5600 range where we can see only three waves down from last week high. Also notice that current intra-day rise extended above 1.5520 level which means that any previous bearish impulsive interpretation is now invalid. Therefore, we think that bullish price action is back in force with possible test of 1.5600 later this week. Five waves up from potential wave B) low will confirm the bullish view for the GBP; until then don’t chase; its no-man’s-land.
Get further updates on this pair and others in our members area for 7-days absolutely free.
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2020 ew-forecast.comDesign: VOBI