ew-forecast

GBPUSD Trading In A New Intraday Bearish Cycle

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             is trading in attempt to trace out 5 waves down from recent highs at 1.46631. We are looking for one more push down to complete black wave 1 and then anticipate a three wave correction in black wave 2 for possible short opportunitys. Later wave 2 could reach formal wave iv swing around 1.45440 which can react as a resistance and a turning point lower into wave 3.

Invalidation level is at 1.45726, as long as it holds we are looking to the downside.
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it looks like it's finally a new 1 impulse bullish wave we have here ?
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