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23 Apr 2015
GBP/USD reversal near? – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, believes that GBP/USD is set to see a bearish reversal…sooner or later.
Key Quotes
“GBPUSD moved to a new high as expected so we see price now in fifth wave of wave C), which means that sooner or later we should see a reversal down. Ideally this will occur from around 1.5161 resistance. We anticipate a sharp turn down into wave (5) as whole movement from mid-March can be a flat correction in wave (4).”
Key Quotes
“GBPUSD moved to a new high as expected so we see price now in fifth wave of wave C), which means that sooner or later we should see a reversal down. Ideally this will occur from around 1.5161 resistance. We anticipate a sharp turn down into wave (5) as whole movement from mid-March can be a flat correction in wave (4).”