GBPUSD Big C Wave Ahead
Bearish: We are currently @ 1.2162 after finishing a 5th wave and a trend UP. We are looking to do an ABC reversal to the S6 @ 1.1834. Lots of confluence on this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 156 pips. USDX is currently threatening up.