GBP has made a five wave up and then retraced 1 wave down to 9666. It looks like Cable is going to trace a 3 wave down before further advancement. Wave 'a' has been traced from 9820 to 9666. now we may see a wave 'b' from 9666 to 9760 ( 61.8%) or max upto 9785 ( 78.6%) or 9820 ( FLAT corrective) but from there a wave 'c' should be going down below 9666 targetting 9580 either today or next week.
STRATEGY: Today being NFP day and also good friday holiday, market will be extremely volatile for only half the session. Either stand aside or trade as per the expected movement given above.
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