GBPUSD: What To Expect This Week!

In our previous analysis "GBPUSD: Short-term Elliott Wave Perspective", the alternate count expected downwards movement and Cable confirmed the alternate count and fell short of the specified target by 10 pips before reversing directions and moving upwards in a corrective manner. This week`s main count expects Cable to unfold downwards sharply in an impulsive manner, while the alternate count expects Cable to continue moving upwards to complete a second wave. As always we will wait for either counts confirmation point to be reached to determine the highly probable count. Main Count - Invalidation Point: 1.5658 - Confirmation Point: 1.5107 - Downwards
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