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GBPUSD: WAVE ANALYSIS FOR MAY 20, 2015

Posted on May 20, 2015 07:37

Great British Pound getting lowered against the US dollar since last 3 days.After, the completion of huge impulse wave 5, the corrective ABC pattern has been started and the wave A has been completed almost, because the Fibonacci Retracement is indicating Support near 50% retracement level. If , this assumption is correct, then a reversal is expected till 1.5676 and then again down for the wave C but Wave A can extend, itself more.

Monday, 25 May, 2015 / 4:08

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Source : https://rinvestments.com/forex-forecast/gbpusd-wave-analysis-for-may-20-2015.html

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