empty
 
 
22.09.2017 09:31 AM
Wave analysis of the GBP / USD currency pair for September 22, 2017

This image is no longer relevant

Analysis of wave counting:

The GBP/USD pair spent the day in a very narrow price range, and during the end of trading session, the Cable pair was able to add about 100 pp. and acquired the mark of 1.3585. At the same time, it can be assumed that the currency pair was able to remain in the formative stage of taking rather the complex form of the 4th wave, in the 5th, in the 5th, in the 3rd (or C). If this is the case then, maintaining the potential for continuing the upward movement, in the course of further development of this 4th wave, in the 5th, 5th, and 3rd (or C), the currency pair may resume the decline of prices towards the direction of 34th figure level or to the 1.3325 mark.

Objectives for building a downward wave:

1.3437 - 23.6% Fibonacci retracement

1.3325 - 38.2% by Fibonacci

Goals for building an upward wave:

11.3599 - 423.6% Fibonacci retracement

1.3700

General conclusions and trading recommendations:

Wave counting undergoes some changes in connection with the breakdown of the 1.3270 mark. The increase of prices may resume with targets near the estimated level of 1.3599, which corresponds to 423.6% of Fibonacci, and above nearly the 37 figures, within 5, at 5, at 5, at 3 (or C). Within the framework of the correction wave 4, the decline may continue with the targets near the markings 1.3437 and 1.3325, which corresponds to 23.6% and 38.2% of Fibonacci.
Chin Zhao,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $9000 mais!
    Em Maio nós sorteamos $9000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback