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GBPUSD : Temporary Corrective Bounce

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD was firstly higher this week but then it turned lower into a new trading range above 1.4170 which can represents wave B) that is still unfolding. As such, despite recent turn down in the last 24 hours we believe that big wave four is still headed to higher levels, up to around 1.4445 resistance where we will pay attention to bearish reversals. If you like our analysis please vote for us "Best Analysis", Answer "Elliott Wave Corner" by EW-Forecast Vote Here :

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