GBPUSD Analysis

3 thg 10, 2017

• We have yet to complete the D extension on the monthly ABCD setup.
  
• Price is finding resistance on the monthly resistance of 1.1350
  
• Possible ABC formation on the weekly timeframe with the D extension (127.2%) lining up with the monthly D extension as well as weekly support - 1.1250 further creating more confluence of bearish momentum.
  
• I'm awaiting a possible bearish setup on the lower timeframes for a possible entry. Will be closely monitoring this pair next week.