Strong USD versus GBP -> wave 5 in progress
From the previous low in Juli 2014 you can see a clear up move in 5 waves.
We've seen the power of the USD in the last weeks and months, so there is a good tendency for a higher push.
You see that wave (3) isn't the shortest wave and the correction wave (4) ends in the area of wave iv of one lesser degree (characteristically for 4th wave corrections)
Now we are in the fifth wave and there is a good potential for a push higher. The common targets are in between fibo 0.382 (already reached) and 0.5.
Good trades!
We've seen the power of the USD in the last weeks and months, so there is a good tendency for a higher push.
You see that wave (3) isn't the shortest wave and the correction wave (4) ends in the area of wave iv of one lesser degree (characteristically for 4th wave corrections)
Now we are in the fifth wave and there is a good potential for a push higher. The common targets are in between fibo 0.382 (already reached) and 0.5.
Good trades!
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