FX:GBPUSD   British Pound / U.S. Dollar
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4
  • We have yet to complete the D extension on the monthly ABCD setup.
  • Price is finding resistance on the monthly resistance of 1.1350
  • Possible ABC formation on the weekly timeframe with the D extension (127.2%) lining up with the monthly D extension as well as weekly support - 1.1250 further creating more confluence of bearish momentum.
  • I'm awaiting a possible bearish setup on the lower timeframes for a possible entry. Will be closely monitoring this pair next week.

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