Analysis

Intraday Elliottwave Analysis: GBPUSD, threaten to break out?

GBPUSD spiked to 1.3569 during Asia market.

It consolidated around 200 day MA for 10 trading days.

If today close above 1.3553, will be a short term bullish sign.

Close below 1.3468 will focus back on 1.3424/1.3387 level.

Daily support      Levels: 1.3525 1.3505 1.3491 1.3471 1.3468 1.3463 1.3438

Daily resistance Levels: 1.3556 1.3580 1.3598 1.3603 1.3630 1.3649

Intraday Trade Idea:

Sell Latentinterest Order:  1.3493

Buy Latentinterest Order:  1.3630


 

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