GBPUSD alternative view might be the most likely
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My alternative outlook for GBPUSD seems more and more reasonable so I want to warn those who are long from the previous calls. We had a good run but it just doesn't look good enough for me for that wave C higher. It still can happen but I like to have a plan B when I need one. To me that alternative scenario will be a triangle for GBPUSD comparable to EURUSD.
If we see the break lower I expect at least to see a test of 1.3050ish. Then we will reevaluate whether we need another E leg higher or not.
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If we see the break lower I expect at least to see a test of 1.3050ish. Then we will reevaluate whether we need another E leg higher or not.
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Not
Moved lower as expected, if it consolidates then look for sell towards at least the yellow zone.
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