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GBPUSD: Downtrend Can Slow Down For A New Correction

Discussion in 'Technical Analysis' started by Kaitlin, Jan 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD trades lower, now near 1.4500 within blue subwave (v) which can still extend towards 1.4400 before support is seen. However, we must keep in mind that fifth wave represents a final leg within larger impulse, so sooner or later price will turn. But in our case we will expect[​IMG]

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