GBPUSD 4.May
As I’ve written in my previous entry about the cable, the variant of 3-3-3 retracement takes place now, though it seemed to me unlikely at that moment.
With red “stops” are shown extra points of this formation. By now I can’t tell for sure if the today’s minimum would become the low before the upcoming bullish move. By the way, the opportunity of the upside move is very high, as the current move has correction mode. That means our target at the upside might be 1.552 area.
Because of the possible bullish wave a question opens – if the 1.558 level holds in order not to reject our mid-term view on the cable (I’m awaiting the forming of 5th wave)?
