DanV
Long

GBPUSD - Intermediate & longer term Bullish

FX:GBPUSD   British Pound / U.S. Dollar
756 4 5
There are many including major Banks calling GBPUSD             to drop sub 1.46 which I think either is intended to trap many bears or are completely wrong about there assessment. The low around 1.48 I believe is significant and it appears to be in very uptrend (this is in harmony with my expectation on DXY             with implication on all USD pairs see chart ). If that is correct then we are in strong wave iii             of 3. Wave 3 is know to extend and could actaully project lot higher than I have shown in my chart. But the expectation is that after the FOMC announcement GBO along with most USD pairs will get traction as they post significant gains Vs USD.
http://www.danv-charting.com
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I would love to call u "Elliott wave master"
Reply
Hello Dan V, Agreed on your directional bias as well. Our target is set at 1.64149, but we are definitely expecting some unwinding down to your point "(b)" in your chart as a probable intermediate structural scenario - David Alcindor, 4xQuad.com
Reply
DanV MOD 4xForecaster
Hi David. Agreed, Longer term I am very bullish on GBPUSD. Thanks for your comments.
Reply
Hello Dan V, Agreed on your directional bias as well. Our target is set at 1.64149, but we are definitely expecting some unwinding down to your point "(b)" in your chart as a probable intermediate structural scenario - David Alcindor, 4xQuad.com
Reply
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