GBPUSD: Intraday View

USD is showing some gains early this week with GBPUSD moving beneath 1.4400 level. We are 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. We however still need to see a break of 1.4293 to confirm a turning point. Then we would look even back to March 15th levels.

www.ew-forecast.com
@ewforecast