#GBPUSD soon to turn lower for a final wave?

Short

British Pound / U.S. Dollar (FOREXCOM:GBPUSD)

Updated

FOREXCOM:GBPUSD British Pound / U.S. Dollar

Trend Analysis Chart Patterns Wave Analysis GBPUSD cable

trendanalysis chartpattern waveanalysis gbpusd cable

Cable is close to finishing its wave 4 (corrective, not impulsive) and should resume its downtrend soon. I'm planning on a turn near 1.332, next week o the following. The next and final wave should take us to a new yearly low.

Comment:

A closer look at the current wave 4

snapshot

Comment:

wrong chart.. here it is

snapshot

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