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Showing posts with label but we should soon see the next rally higher.. Show all posts
Showing posts with label but we should soon see the next rally higher.. Show all posts

Thursday, February 20, 2014

GBP/USD - A more complex correction is unfolding, but we should soon see the next rally higher.

GBP/USD

Important short term resistance at 1.6741 has protected the upside and we are seeing a more complex correction unfolding. The former ideal target near 1.6624 is still in play. From 1.6624 or upon a break above 1.6741 we should see the final impulsive rally in wave i of 3 higher towards at least 1.6862 and possibly even higher towards 1.6997.