ew-forecast
Short

GBPUSD Three Waves Down In Play

FX:GBPUSD   British Pound/U.S. Dollar
Cable has turned down from 1.569 and is now trading beneath the trend line. This break down suggest that market is making a minimum three waves down, from the highs. So current leg lower could either be wave c or wave ( iii             ), that can be targeting 1.52 as long we trade beneath 1.57.

www.ew-forecast.com
www.ew-forecast.com

@ewforecast
No_more_Post
a year ago
I really like your chart, Thanks.
+1 Reply
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