GBPUSD Wave Count & Outlook
The wave count indicates the bullish move occured from end of Feb lows at 1.3835 at 1.4515 highs on March 18.
Since then we have started a bearish cycle.
With in the bearish cycle we have already completed an ABC sequence lower to 1.4005 which marks Wave w.
Looking for wave X to sell into for the next leg down, it looks like it is already in at 1.4418, and we have started the next leg lower.
Targeting the 1.3500 level on the next leg lower
Since then we have started a bearish cycle.
With in the bearish cycle we have already completed an ABC sequence lower to 1.4005 which marks Wave w.
Looking for wave X to sell into for the next leg down, it looks like it is already in at 1.4418, and we have started the next leg lower.
Targeting the 1.3500 level on the next leg lower
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