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GBP/USD DEC 2

GBPUSD has been captured in a 5-wave move . wave 1 started from July 9th 2013 at 1.49802 and terminated at 1.54326. Wave 2 started from 1.51009 in an irregular flat which halted at 1.54265 from this same price wave 3 picked and terminated at 1.62596 .Where we are :we are in wave 4 which could terminate any day from today or may still go futher downside abit to test 1.59168
as shown by stochastic oscillator, if it doesn’t then we will see
price go to hit wave 5 around 1.64 I think I go for 1.6…
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webmaster33 5 Нояб.

got to 1.5908......lets see how it goes stocastics is still giving a bullish sign

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GBPUSD PREDICTION FOR OCT1ST

Looking at daily chart price is chasing 1.575 region in an abc formation,this will be true if the current price can break free from where arm B finished@1.543.If price eventually gets to 1.575 Price will fall from this region and fall to the 1.545 support and resistance level first and later settle at 1.501-1.505 region. If there is much momentum there might be futher downside movement towards 1.480. Month of September will see a rise throughout to hit 1.575 again. So Oct 1st price should be fou…
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webmaster33 28 Авг.

price broke beyond the 1.543 region to complete the 1.575 region chase(abc formation) ,it did not hit exactly 1.575 but 1.571 before coming down .I am still watching as market unfolds itself

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