GBPUSD reached another peak

As I’ve mentioned before, the cable succeeded to reach the 1.53 level and even higher on a fundamental basis. The price touched 261.8 level according to Fibonacci lines. From that peak a bearish move can be started. Less likely variant is the continuation of the uptrend till 423.6 level.

gbpusd 17.03 30min forex elliott analysis GBPUSD reached another peak gbpusd

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1 Comment »

  1. king said,
    March 17, 2010 @ 10:02

    It already went up to 1.5340. Like you said it did not retrace at 1.5300. may be at 1.5360 it will

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