GBPUSD Ready for a break lower? - Dec 26, 2017

The GBPUSD story remains unchanged for now, except for a small potential change highlighted here. Wave e within the triangle also unfolded as a triangle making 9 sub waves for the entire consolidation (contracting triangle). If this count holds true, we should see a break lower soon. Watch out for 1.3300 handle break to accelerate lower. Please remain short, stop above 1.3550 and target 1.3000 and 1.2800.

Good luck!

Harsh Japee
Chart PatternsGBPUSDTechnical AnalysisTrend AnalysisWave Analysis

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