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GBPUSD : Corrective Bounce Approaching Resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    After a sharp turn down on GBPUSD at the end of last week the question is "if pair already completed corrective wave four or is there more upside to come"? Well, we will anticipate higher levels in wave 4-circled and the reason is coming from a daily chart where we are tracking a correction of a higher degree that can even rally back to 1.4500-1.4560 former swing low from Mar of 2015. As such, we would not be surprised to see current leg up as start of a wave C) after a flat in wave B) that can

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