Intraday Elliottwave Analysis: GBPUSD, no bottom sign yet

Yue Wang LinoCapital

GBPUSD reached year-to-date new low at 1.3305.

Just as we discussed, it does break lower.

For Pound Futures, unless regain 1.3420, there's no major support until 1.3211.

Once reached, I expect a better base effort.

Above 1.3420, may re-test 1.3573/1.3609.

Daily support Levels: 1.3367 1.3337 1.3321 1.3291 1.3259

Daily resistance Levels: 1.3407 1.3413 1.3469 1.3499 1.3505

Intraday Trade Idea: (spot 1.3370)

1. Buy Latent Interest Order: 1.3291

2. Buy Latent Interest Order: 1.3490

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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