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GBP/USD in Forming Wave 3 ?

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04-25-2008, 03:07 AM

HenryFXI

Instructor

Join Date: Nov 2007

Posts: 154

GBP/USD in Forming Wave 3 ?

If the current move down in GBP/USD pair is indeed forming wave 3, we could seen a major move down at least to the 161.8 Fib level @ 1.9337 from low of wave 1 @ 1.9599 to the high of wave 2 @ 2.0025.

While we can aim our second target @ 261.8 Fib level @ 1.8912

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