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GBPUSD: WAVE ANALYSIS FOR MAY, 11 2015

Posted on May 11, 2015 08:09

Great British Pound is stronger against the US dollar on Friday and continuation is also expected even today, 5th wave has been started and extending itself. This pair is strongly consolidated below the price area 1.5550 . If this level breaks then door open for 1.5700 area.


Ichimoku cloud is indicating strong bullish trend for this pair in h1, and d1 graph. In daily graph senko span act as a good support for this pair near 1.5075 and ticked up. In h1 graph tenken sen has crossed Kijun sen and their crossover is also a good indication. Senko span B is below then Senko Span A and this is a clear bullish sign.

Monday, 25 May, 2015 / 12:12

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Source : https://rinvestments.com/forex-forecast/gbpusd-wave-analysis-for-may-11-2015.html

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