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GBPUSD Elliot Waves Count

Mon, Jul 13 2009, 23:33 GMT
by Mohamed I El Shall

4XTechnicales.com


After GBPUSD breached the very important support level at 1.6200, it had formed a clear impulsive wave. First wave ended at 1.5982, and right now we are correcting up in the second wave targeting price levels from 1.6400 to 1.6560.

 

We recommend shorting the pair of currency with any reversal sign inside this box.

 

Supports

1.6200 – 1.6080 – 1.5980

Resistances


1.6427 – 1.6500 – 1.6560

GBPUSD_140709_EW_1

GBPUSD_140709_EW_2


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