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GBPUSD: Is Downtrend Over Yet ?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis GBPUSD: Mid-Term Elliott Wave View !! the main count expected Cable to fall sharply downwards and Cable unfolded exactly as expected and first target was reached locking in 174 pips in profit. This week`s main count expects Cable to consolidate and unfold in a sideways manner before resuming its downtrend while the alternate count expects that sideways movement is complete and that Cable is preparing for the next downwards leg. As always we will wait for either counts

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