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.