24.01.201809:58 Forex Analysis & Reviews: Wave analysis of the GBP / USD currency pair for January 24, 2018

Long-term review

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Analysis of wave counting:

After the price fell to 1.3915, in the middle of yesterday's trading, the pair GBP / USD was able to resume the upward movement, adding about 110 pp in price, and break through the level of the 40th figure at the end of the day. It can be assumed that the currency pair still remained in the stage of formation, which significantly complicated its wave structure of the 5th wave, 3rd, 5th, a, B, C, C, (A ). If this is the case, the development of a settlement target in the region of 1.4030-1.4040 may allow the currency pair to make a turn and designate the beginning of the 4th wave, 5th, a, B, C, C, (A).

The objectives for building the downward wave:

1.3600 - 1.3500

The objectives for building the upward wave:

1.4031 - 685.4% of Fibonacci

1.4100

General conclusions and trading recommendations:

The construction of the upward trend section continues, but the entire wave counting of the instrument is not entirely unambiguous now. It is now possible to continue increasing quotations with targets near the estimated level of 1.4031, which equates to 685.4% of Fibonacci, within wave 5, a, B, C, C, (A), and above about 41 figures. Within the framework of the correctional wave 4, quotations can retreat from the reached maximum with targets that are around 36 figures.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.