EUR/GBP points down

February 18, 2016 10:54 AM


We talked about GBP/USD yesterday and highlighted that current weakness can stop around 1.4200-1.4250, as we can see five sub-waves in wave C that belong to a three wave movement from 1.4667. That said, higher prices would not be a surprise now or for another three waves of recovery, but this time up in wave C), back to around 1.4500.


GBP/USD - 1hr

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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: