FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
USD is showing some gains early this week with GBPUSD             moving beneath 1.4400 level. We are wondering if this reversal on cable is going to drive prices much lower since we can count five waves up in wave C from 1.4050. We however still need to see a break of 1.4293 to confirm a turning point. Then we would look even back to March 15th levels.

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Agreed ! As long as 1.42915 is not penetrated we could still have a flat for (4) with a new high in (5) to come !
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