I remain of the mind that Cable is headed towards 1.3730 or so but the path to get there might be choppy. A drop under 1.3888 would make the decline from the high in 5 waves. The implication then would be that GBPUSD bounces before realizing another down leg. 1.3830/40 is a possible support zone for GBPUSD now. This is where proposed wave 5 would equal proposed wave 1 and is also the 2/17 and 2/18 lows.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.