GBPUSD: Cable`s Mighty Downtrend

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis GBPUSD: Cable`s Downtrend Resumption the main count expected Cable to make new lows, Cable unfolded as expected and targets were reached and exceeded locking in 139 pips in profit. It is worth mentioning that recent declines brought Cable to a level that has not been visited for the past 7 years. This week`s main count expects Cable to unfold upwards to complete a C wave and in the process completing the higher degree fourth wave. The alternate count expects that

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