Cable Remains Bearish Within Downward Channel

Cable is turning sharply higher from its lows but price remains trapped in a downward channel so trend is considered as bearish. That said, current rally from mid-March can be irregular correction in wave (4) that can stop at the upper trendline, so be aware of a new turn down later this month.

GBPUSD Daily Elliott Wave Analysis

Written by www.ew-forecast.com

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Views: 110

Comment by scalper on April 20, 2015 at 8:21am

agree

Comment by scalper on April 20, 2015 at 8:22am

i think cable not touch to 1.5100 level 

Comment by scalper on April 20, 2015 at 8:28am

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