The GBPUSD - now at 1.6500 - missed the target for a whisker and reversed. It's now heading towards 1.6020.
TARGETS:
likely: 1.6383
possible: 1.62 - 1.6130
maybe 1.6020
ELLIOTT WAVES
The weekly chart shows the completion of wave 3 up. Theoretically, the Pound should stage wave 4 down to 1.5841 and wave 5 up to the area 1.6763-1.6810.
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over the daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over the 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over the 1-hour chart - click to enlarge
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