Hi Traders, Price will continue lower as expected and enter a correction. Wait for a corrective structure before taking any short positions. The correction is what will confirm further downside. Trade with care and always manage risk. Regards Wave Theorist
Despite the bullish overall market sentiment, continue to sell GBPUSD based on weekly trend and daily price action, as well as from USD recovery from higher yields in 10yr US T-bonds. TP is set @1.375 and SL @1.40. www.marketpulse.com Daily: Weekly: Confidence: B (must watch out this Friday though and better close position before the GDP news @8:30AM GMT)