Daily Forex Outlook: GBP/USD
The chart shows the movement started from 2.0146. I think that it is a flat correction and could be already over. In such a case one should expect a new rise from here for a move above 2.0146. A key resistance is 2.0074. A key support is 1.9906
Trading strategy: 10:56 EST; 15:56 GMT
Long position from 1.9995, stop loss - 1.9905, target - open
Confidence level - medium
Trading strategy: 10:28 EST; 15:28 GMT
Buy at market (1.9995), stop loss - 1.9905, target - open
Confidence level - medium
Karoll Financial House
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts. This report will be updated every Monday, Wednesday and Friday on the next schedule:
- Daily EUR/USD Elliott Wave Outlook - Monday
- Daily GBP/USD Elliott Wave Outlook - Wednesday
- Daily USD/JPY Elliott Wave Outlook - Friday
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