Quick Elliott Wave Update on the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com

Sid Norris
 In Blog, GBP/USD

GBPUSD 360 1-10-13

GBPUSD 60m 1-10-13

Quick Elliott Wave Update on the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com.  Click on the charts twice to enlarge.

Since my last post regarding the British Pound, it appears we’ve seen 5 waves down, and a 50% retracement.  This is a textbook short setup, with the objective to catch what is expected to be a very sizeable move to the downside in this pair.

Sid

http://elliottwavepre.wpengine.com

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