5 Jan 2015
GBP/USD at final stages of an impulsive decline? – EWForecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast sees the GBP/USD market in the final stages of an impulsive decline, expecting the pair to slide downwards to 1.5070-1.5150 levels.
Key Quotes
“Cable is at new lows as expected after we recognized a triangle pattern placed in fourth wave. Triangles will occur prior to the final leg within a larger trend, so we see market now in final stages of an impulsive decline. We are tracking fifth wave that can bottom somewhere around 1.5070-1.5150.”
Key Quotes
“Cable is at new lows as expected after we recognized a triangle pattern placed in fourth wave. Triangles will occur prior to the final leg within a larger trend, so we see market now in final stages of an impulsive decline. We are tracking fifth wave that can bottom somewhere around 1.5070-1.5150.”