MarkFraser

GBP/USD POSSIBLE BUY

Long
FX:GBPUSD   British Pound / U.S. Dollar
GU has been in a up trending market for a while and the 5th/3rd wave of Elliot is due. We see here a 61.8, RSI oversold, trend line touch and other factors that indicate a buy for this pair. But be weary as major news for GBP and USD is all week.