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GBPUSD : Correction Turning Complex

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Pound has made a very strong and unexpected turn up last week from 1.5200 area, so rally from start of October is still in play. It looks like a complex correction in progress that can retrace back to the area of a former wave 4) at 1.5660. That's still almost 200 pips higher so we suspect that pair is making a double zigzag so be aware of more upside after a red wave B) pullback to 1.5400. GBPUSD, 4h

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