FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
46 0 1
GBPUSD             Cable still need to clear 1.48 level to stamp the buying real rally otherwise as far below 1.47 , we still prefer new low at 1.38 levels like emoticon
We still think this up move is part of corrections and soon or later we will see fresh declines only if our level 1.48 invalidation is safe and more importantly this 1.4700 should also safe.
Our bottom near 1.4100 is still wave (3) and this upside move we think will be the corrective wave (4).
Friday Some news on Sterling may put a new pressure additional on it for the fresh declines towards the 1.3800 levels.
How ever 1.48 cross above will shift and stamp the real buying seasons.
Trading recommendations :
We will stay patience and wait for price actions and then Look for opportunties after Sterling news release on friday
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