GBP/USD -- near a correction

British Pound/U.S. DollarFXCM

Description

⋅ Jul 1, 2017 4:38 PM

Within a wedge shape, watch for a correction from the next high towards 1.32. This move up can be either larger wave 4 of the decline from 2014, or leading wave 1 of a new multi-year up move (to be determined on the next move down).

GBPUSD