Elliott waves analysis – We’re long above 1.31265

GBPUSD – Flat

We're long above 1.31265

Wave Analysis

During the previous trading day, after breaking above 1.31265, the cable rallied slightly higher and is still pretty much above this level, as long as the pair remains above this level, we expect nothing but a possible momentum to the upper side, The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 1.31945. This view can only be rendered futile in case the price breaks below 1.31265, if this is the case, then we’ll expect a move to the lowerside towards 1.29350.

Trade Recommendations:

We’re long above 1.31265

101% Double the volume

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