GBPUSD: Intraday View


USD is showing some gains early this week with GBPUSD moving beneath 1.4400 level. I am wondering if this reversal on cable is going to drive prices much lower since we can count five waves up in wave C from 1.4050. I however still need to see a break of 1.4293 to confirm a turning point. Then I would look even back to March 15th levels.

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.