FX:GBPUSD   Pound Sterling/U.S. Dollar
37 2 1
We've had two long corrective phases since December (of equal duration and slope). According to the wave count we're approaching the start of wave-3/V. The fifth wave would most likely be a wedge as it continues to push into multi-year resistance. Support seems very solid at about 1.645. There's also a nice trend continuation Gartley . The pair is admittedly losing upward momentum, but I think the market knows this pair is going higher and there won't be many sellers out there to drive this much lower.
Do you consider the dollar index is now at the rose, so again a little dark tone sterling it?
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fxgraffiti Jia En Cai
Hi Jia En Cai, I don't really understand your question. Could you re-phrase it?
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