nelsyboy

Continuing SELL GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
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1
We are currently looking at the retrace of the SELL off from 10th March. It has reached the mid-point between 61.8 and 76.4 FIB before now making it's way back down. The current move down is in a mini-EW with todays BUYING being wave 4. There may well be a little bit more up to the horizontal line as a price maximum. From there though, I feel it will be another FIVE days of continued downward movement.