Intraday Elliottwave Analysis: GBPUSD, threaten to break out?

Yue Wang LinoCapital

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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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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