Intraday Elliottwave Analysis: GBPUSD, quiet to the downside

Yue Wang LinoCapital

GBPUSD closed below 200 day MA again.

For now 1.3420/1.3385 is next level to watch.

The large divergence should be taken into account.

Once upside resolved the triangle, 1.3697/1.3768 should be the target.

Daily support Levels: 1.3427 1.3371 1.3383 1.3365 1.3338

Daily resistance Levels: 1.3471 1.3479 1.3491 1.3505 1.3553

Intraday Trade Idea: (spot 1.3433)

①Buy Limit @ 1.3399 SL @ 1.3360 Take Profit @ 1.3452

②Sell Limit @ 1.3553 SL @ 1.3585 Take Profit @ 1.3530

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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