GBPUSD Headed Towards 1.445

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD is higher as expected; now in wave C) of 4 which is a final leg of a corrective pattern so upside can be limited. However, there is room for a push to 1.4500, maybe even 1.4560 but we have to be aware of a bearish turn soon. An impulsive drop back to 1.4150 will be important confirmation for a change in trend from current bullish mode back to continuation of a bigger bearish trend. GBPUSD, 4H

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