Ali Mohammadi
GBP/USD is currently trading with a bullish bias. Yesterday, the pair rebounded from the resistance level 1.47068, headed short and is still pretty much bearish. We expect the current upward rally to be a mere upward pullback and should not close above 1.4729, a close above this level will lead to an acceleration towards 1.4818, while a clear rebound from 1.4706-1.4729 will confirm the anticipated momentum to the lower side. This pair should be traded alongside GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.
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Ali MOH
2016.05.27
https://telegram.me/Mychart
Ali Mohammadi
n acceleration to the lower side. This pair should be traded alongside NZD/USD, and AUD/USD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this intraday.
Trade Recommendations:
As long as the pair trades within the rising channel, remain long with you target at 1.12177. A break above this target will call for further long positions with the next target at 1.1283.
Trade Recommendations:
As long as the pair trades within the rising channel, remain long with you target at 1.12177. A break above this target will call for further long positions with the next target at 1.1283.
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