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ElliottWavePro
May 14, 2017 1:03 PM

GBPUSD - bearish impulse arrived 

British Pound/U.S. DollarFXCM

Description

M240. There's a zigzag in wave A or W, so we could have a downward correction in the coming days. Therefore, wave ((a)) is likely going to be continued towards the 38,2% retracement of the last upward zigzag.

M30. A bearish impulse in wave (i) finished last Friday. So, it's time for a correction. The first target for wave (ii) is the 38,2% retracement of wave (i).
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