
Looking at my proprietary indicator it's pointing down hard with absolutely no divergence, but the lower Pitchfork line and support at 143.05 is still holding up, therefore I will give the bullish count the benefit of the doubt, but a clear break below 143.05 (say 142.85) will tilt the odds towards the bearish alternative, which had the rally from 139.68 to 146.95 as wave C in an Expanded flat correction, calling for a decline towards at least 139.12.
At this point only a break above 145.65 will secure the bullish count and call for the next rally above 147.
Tell me something about gbp/usd.How do you think will develop this currency pair?
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