Monday, July 1, 2013

Elliott Wave GBPUSD: Intra-day Resistance Comes In At 1.5280-1.5300

FX market did not move much in the last few hours, so structures are mostly unchanged. On GBPUSD we are tracking a corrective rally from the low which can be wave 4 shown as primary labeled count. Resistance for wave 4 comes in at 1.5280-1.5300, but based on ALT count we also need to keep an eye on 1.5475-current bearish bias would change only above that level.

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