GBPUSD : Corrective Bounce In View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD fell sharply at the start of the week and hit our Fibonacci level, and even extended its weakness for nearly 80 pips. However a reversal was quite strong after that from 1.4350 so we assume that extended black wave 3 is completed and that market is now trading higher into wave 4 which will ideally reach 1.4600 resistance before turning back down again. GBPUSD, 4H

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