SPOT GBPUSD - Wednesday's trade idea & signals
Bearish signals on the week have been confirmed, but with a near 4 Big Fig sell-off since January’s 1.3217 high stalling at 1.2831, a 50% pullback to the entire 2019 gains, yesterday’s bearish outlook was cancelled as signals improved. The bounce is positive, but there is no clear bullish reversal pattern. Signals continue to improve though, so with a good deal of caution the outlook for Wednesday is for a counter-trend recovery and the call is to buy on the open and then at 1.2860, yesterday’s opening trade with a stop loss at 1.2830, the 3 week base. Targets are to 1.2916, the 100 day average rate, 1.2945/50, this week’s top and 1.2996, Thursday’s high trade.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.