FX:GBPUSD   British Pound / U.S. Dollar
117 2 3
On larger time frame ( weekly) we can see that wave C circle has already reached 0.618% of the length of wave A circle which would satisfy minimum Elliott wave guidance The next common relationship is equality between A and C which would imply a further drop down to 0.9535 !!!!! Just food for thoughts !
Unless the move down from 2007 was an impulsive move and your A wave was in fact a 1-2-3 and your B wave was wave 4 meaning we are in wave 5 now. Whichever you look at it things ain't good for the Pound though!
Bleck tomj2417
Your comments are valid ! If that would be the case it would still look like the sub-structure of wave 5 are not all in, meaning still some further down side ! Thanks for sharing your views !
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