GBPUSD May Face Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD is turning up from 1.5230 quite sharply so wave 3 could have ended already. However, any recovery should not last long as we see main trend bearish, thus move to the upside is mostly going to be corrective. we see it as wave 4 that can turn down after three subwaves up; ideally from one of the resistance levels 1.5346 or 1.5380. Invalidation level is at 1.5418. GBPUSD, 1H

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