empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

11.01.202413:32 Forex Analysis & Reviews: GBP/USD wave analysis on January 11: Bullish zigzag may complete the final diagonal

Exchange Rates 11.01.2024 analysis

For the British pound, it is likely that a major correction (B) is being formed, taking the shape of a triple zigzag. Currently, we are observing the development of an upward wave Z, the internal structure of which resembles a double zigzag [W]-[X]-[Y].

It is assumed that the wave [W] takes the form of a double zigzag of a smaller wave level, after which the connector wave [X] was fully formed. After the completion of [X], bulls drove the price upwards in an impulse (A), then the price corrected in wave (B). In the upcoming trading days, we may observe a rise in price in the final wave (C).

The bullish (C) price is likely to rise to the 1.2850 mark. At this level, the size of wave [Y] will be 50% of [W]. Wave (C) may take the form of a final diagonal.

Today, the publication of the consumer price index and a report on the number of claims for unemployment benefits are expected. These news can influence bullish sentiment.

Therefore, now is a favorable moment to open long positions from the current level with the target of profiting from the end of the bullish trend.

Trading recommendations: buy at 1.2742, take profit at 1.2850.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Roman Onegin,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.