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ew-forecast

GBP/USD Is Near At Resistance: Elliott Wave Anaysis

British Pound / U.S. Dollar (FX:GBPUSD)  
ew-forecast  
FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD broke to a new high as expected after we identified end of a corrective retracement at 1.5850. As such, we are now tracking a new impulse leg up with can be wave C, final part of a double zigzag in wave E). If this is correct count then rally from July low is near completion. Ideally we will see a reversal down from around 1.64-1.66 region. www.ew-forecast.com
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