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A pounding proposition !!!!

FX:GBPUSD   Pound Inggris / Dollar AS
A potential scenario for the British Pound , with a longer term perspective.

Current Wave 4 with supporting Golden cross of 10/20 MAV, and breakout of recent consolidation in Mid April 2017. The possible completion of Wave 4 at confluence of descending trendline resistance, significant horizontal resistance, and .50 fib retracement of Wave 3 around 1.39.

Then potential for market direction to return to the longer term downtrend with a Wave 5 move (1.618 extension of Wave 3 ) to 0.94.
Pernyataan Penyangkalan

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