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GBPUSD: Is It Downtrend Continuation Time Yet ?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In our previous analysis GBPUSD: Cable`s Mighty Downtrend the main count expected Cable to unfold upwards to complete a fourth wave correction before resuming its downtrend. Cable unfolded upwards in a corrective manner and this week`s main count expects Cable to reverse directions and unfold downwards within a fifth wave. The alternate count expects that Cable`s upwards correction has more to offer upwards to complete a second wave correction of minute degree. As always we will wait for

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