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GBPUSD: Is Cable`s Downtrend Back To Stay ?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In our previous analysis GBPUSD: Is Cable`s Consolidation Mature Yet?! the main count expected Cable to unfold downwards in an impulsive manner and Cable unfolded as expected and both targets were reached and exceeded locking in 107 pips in profit. This week`s count expects Cable to continue unfolding downwards within a third wave impulse while the alternate count expects Cable to unfold in a sideways manner before resuming its downtrend. As always we will wait for confirmation point to be

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