GBPUSD : Pound Is Expected To Go Lower After Any Temporary Pullback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Pound fell sharply last week across the board, especially against the USD. We can see a new leg down that has an impulsive qualities so pair is expected to remain bearish as leg down from 1.5500 should unfold by five waves. Currently we see price still in wave 3 that can hit 1.5000 psychological level by the end of the week. Currently price is making only a corrective bounce that is now at resistance of previous low. GBPUSD, 4H

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