There is nothing new to add to my yesterday's analysis. The only thing is that wave 4 is taking its own sweet time to finish. Probably we have seen the top of wave 4 at 9360.If the analysis is correct soon we shall see the wave 5 down to below 9180 towards 9130/9060 range to complete this wave "C".
for detail, see our yesterday's analysis below
GBP
The big 'C' wave down is in progress. C wave consists of 5 sub waves out of which this rally from 9180 -9365 is the 4th wave up. We have still been left with terminal 5th wave down which can lead us to 9130/9060 support zone before a sizable upswing can be expected. for this 9405 has to remain solid otherwise the picture will become more complex.
STRATEGY: HOLD SHORT GBP from 9335 with STOP above 9360 and TARGET as mentioned above.
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