Disappointingly wave v didn't make a new low below the bottom of wave iii at 1.3479 as the low has been 1.3482 and thereby a fifth wave failure as red wave v and the bottom of wave i. We should now look for a rally towards the 1.3641 - 1.3664 area as wave ii and set the stage for the powerful wave iii lower towards 1.3248.
Tomorrow another strong news will be release NFP!
ReplyDeleteGbpUsd is unfolding too the wave ii? 1,65 remains the invalidate point?