GBPUSD analysis

posted by genuinelyFX at 06/30/2015 - 19:00 GMT

Looks like pound is forming a base here. We might be just in a first wave of a complex correction, but we could be seeing 1.58 very soon.

©genuinelyFX_2015.06.30_gbpusd_h2_elliott
GBPUSD 2H chart

 

If the support at 1.57 holds, it could break the 50% fib level above 1.6000.

©genuinelyFX_2015.06.30_gbpusd_weekly_line
GBPUSD weekly line

 

A similar move in time from the end of ’99 looks for a proportional correction towards 1.64-65 area.

©genuinelyFX_2015.06.30_gbpusd_daily_analogy
GBPUSD daily data

 

A trade towards 1.58, reaching for tomorrow. Will see if it could break above, or continue sideways.

©genuinelyFX_2015.06.30_gbpusd_hourly_trade
GBPUSD hourly data

 

 

 

 

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