Category Archives: GBPUSD – Daily

GBPUSD

Bearish View :

The Cable could be in the process of third-wave down of Minute-degree wave ((v)) toward the Fibo 1.618 expansion target at 1.3720.

The wave ((v)) would ultimately amount to 1.3521, before the end of Minor-degree extending wave 3.

GBPUSD - Daily

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GBPUSD

Bearish View :

The Cable should have concluded its upside correction in Minute-degree wave ((iv)) at 1.4514. The three straight days decline in this week indicates that the same degree wave ((v)) of Minor 3 is accelerating down.

The wave ((v)) would likely amount to 1.3521, before the end of extending wave 3.

GBPUSD - Daily

GBPUSD

Bearish View :

The Cable could have completed its Minute-degree wave ((iv)), as an upward correction, and decline in the same degree fifth wave likely is underway.

The wave ((v)) will eventually achieve the 1.3822, before the end of Minor-degree extending wave 3.

GBPUSD - Daily

GBPUSD

Bearish Outlook :

Cable seems to accelerate its market’s selloff, which has exceeded the early December’s low.

The bearish count remains well in place, through the expected target at 1.4247 (where Minute-degree third wave will achieve 1.618 times the length of the same degree first wave).

GBPUSD - Daily