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13 Apr 2015
GBP/USD aiming at 1.4200/1.4300 area – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to predict that GBP/USD might be aiming for a move lower towards the 1.4200/1.4300 area.
Key Quotes
“Cable finished the week at the lows so we assume that latest corrective move is now complete, labeled as wave (4), and that price is now underway to lower levels within wave (5) that can be targeting 1.4200/1.4300 zone in weeks ahead.”
Key Quotes
“Cable finished the week at the lows so we assume that latest corrective move is now complete, labeled as wave (4), and that price is now underway to lower levels within wave (5) that can be targeting 1.4200/1.4300 zone in weeks ahead.”