Wave Analysis:
During the previous trading day, we saw a slight correction of the impulsive wave (v) to the lower side and is still showing signs of correcting itself further to the lower side. This pair is an overall up trend and chances of continuing upwards are still very high, thus, we’re waiting to rebuy the cable around 1.3515, with the first target at 1.4155 and the next at 1.4509, the anticipated bullish price rally is the continuation of the impulsive wave (v) with an ultimate target at 1.4509. This pair should be traded alongside USDJPY, CADJPY, and USDCHF. These pairs have a strong negative correlation and will move in opposite direction during this intraday.
Trade Recommendations:
Rebuy the cable around 1.3515 with your target at 1.4509
Origin: FreshForex
