Bears may see at-least one more push down still it holds 1.2987 resistance. We prefer short GBPUSD once MACD confirms the move.
GBPUSD 4h Elliott Wave Analysis Chart
Wednesday, May 17, 2017
GBPUSD Wave Structure: One More Push Down
Forex pair GBPUSD made three waves towards 1.2987. MACD turned negative then recently trades on positive zone. But overlapping price actions indicates recent moves are corrective.
Bears may see at-least one more push down still it holds 1.2987 resistance. We prefer short GBPUSD once MACD confirms the move.
Bears may see at-least one more push down still it holds 1.2987 resistance. We prefer short GBPUSD once MACD confirms the move.
