TimStuyts
Short

GBPUSD a last leg higher needed?

FX:GBPUSD   British Pound/U.S. Dollar
218 0 5
For my previous post about buying GBPUSD             see below:

GBPUSD according to plan


I will be focusing on whether wave 4 is already in place and we should expect another impulse lower next.
Personally I still favor a move towards at least 1.45 first but in case we see the break-out I will wait for a consolidation and sell the break. If we however see a move towards 1.45, I consider this an even better trade set-up for a move towards 1.39.

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