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FX.co ★ GBP/USD Definitive Elliott Wave Count

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Forex Analysis:::2016-06-13T00:40:56

GBP/USD Definitive Elliott Wave Count

GBP/USD Definitive Elliott Wave Count

GBP/USD has completed a strong wave c 4/ along with a recent double top near the 1.4750 level. It has reacted off a fractal resistance and is showing a strong sign of a big drop from here towards 1.3320 level (fractal support).

Trading recommendations:

Sell now and once more near the 1.4350 level

Stop loss at 1.4800

Take profit at 1.3320

Analyst InstaForex
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