GBP/USD: The downward trend continues

January 18, 2016

A downward trend is strong.

The downward trend continues forming within the third wave of the senior level iii of 3. At present, the third wave (iii) of the junior level seems to be forming and if the assumption is correct, the pair keeps falling towards the level of 1.4000. Critical for this scenario is the level of 1.4473, a breakout of which would allow the pair to grow to 1.4935.

Trading tips

Sell the pair below the level of 1.4473 with the target at 1.4000.

Alternative scenario

The breakout and consolidation above the level of 1.4473 would allow the pair to grow to 1.4935.

Publication source
LiteForex information  LiteForex reviews

February 27, 2017
Black gold slightly declined amid the crude inventories report
The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...
February 27, 2017
Markets turn focus towards Trump address to Congress
On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...
February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...

Exness Rating
Orbex Rating
Grand Capital Rating
OANDA Rating
 FXTM Rating
FX Giants Rating

Anyoption Rating
TopOption Rating
First Binary Option Service Rating
Empire Option Rating
EZTrader Rating
Porter Finance Rating