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MoodandMarkets

Sideways correction has created the possibility

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
MoodandMarkets  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis elliottwaveidea Flat
6
0
trendanalysis chartpattern waveanalysis elliottwaveidea flatcorrection
After a short upward moving, the falling seems to look like an impulse wave. That is the wave (i). Now has been working a flat sideways correction almost three days.
Now I expect to see the impulse wave 3 to move the GBPUSD below 1.20 towards 1.15 or more.
The stop could at 1.2480
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