Intraday Elliottwave Analysis: GBPUSD, 1.3352/12 should be next target

Yue Wang LinoCapital

GBPUSD already reached 1.3421 support level, but failed to have any reaction here.

1.3352/12 is next level to watch.

It formed a small wedge like formation, once upside resolved, ideally will have some upside correction.

I suggest to closing yesterday's long position from 1.3393 at market.

Daily support Levels: 1.3387 1.3365 1.3345 1.3321 1.3312

Daily resistance Levels: 1.3428 1.3454 1.3477 1.3501

Intraday Trade Idea: (spot 1.3421)

①Buy Limit @ 1.3352 SL @ 1.3307 Take Profit @ 1.3428

②Sell Limit @ 1.3505 SL @ 1.3532 Take Profit @ 1.3479

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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