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GBPUSD: Pushing higher vs. Downwards Reversal?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In our previous analysis GBPUSD: Is It Downtrend Continuation Time Yet?! the main count expected Cable to unfold downwards to complete a five wave structure. Cable unfolded as expected and targets were reached and exceeded locking in 235 pips in profit. This week`s main count expects Cable to unfold upwards to complete an upwards corrective structure while the alternate count expects that Cable`s upwards correction is mature and that Cable is expected to reverse directions and unfold

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