FX:GBPUSD   British Pound / U.S. Dollar
104 3 6
C=1.23 OR 1.225
to trajkovic: maybe you have right,but this is my projection
trajkovic avenezh63
@avenezh63, It is the concept that matters, detail is not really important. Sequence from end of Jun 2014 high is not complete. I like your thinking.
What you have marked as C could be a lot lower, around 1.213/1.215 for October and November support and end of year a sharp bounce to 1.265/1.275 to D. End of January 2017 below 1.19.
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