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GBPUSD: Is Cable`s Consolidation Complete Yet?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    This week`s main count expects that Cable has more to offer upwards in a corrective manner to complete wave (b) green. On the other hand, the alternate count expects that wave (c) green is incomplete and that it is unfolding downwards. As always we will wait for either counts confirmation point to be reached to determine the highly probable count. Main Count - Invalidation Point: 1.4515 -- 1.4057 - Confirmation Point: 1.4183 - Upwards Targets: 1.4233 -- 1.4285 -- 1.4339 - Wave number: (b)

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