devicemxl
Long

Powerful sterling?

FX:GBPUSD   British Pound/U.S. Dollar
In this pair, sterling it seems to have been accumulating power to revalued slightly.

Some observations are:

  • It is nearing the end of a mini cycle Elliot.
    It seems formrse falling wedge within a descending channel!
    "RSI" is forming something like a divergence
    "ICC" has made a divergence too
    the price is close to a fibo level, and it is possible their rejection

The most interesting will be to see if he can break the wedge in the following days.

ideas, comments and suggestions
They are always welcome
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