22 декабря 2016, GBP/USD
Wave Analysis:
The cable is currently trading with a declining bearish momentum. Earlier today, the pair rose slightly to the upper side, but not with the same momentum with which it fell during the previous trading days. We expect the current upward rally on the four hour chart to be a mere correction and should not go beyond 1.2412 from where we'll be looking to continue short with impulsive wave (c) towards 1.2029. The view can only be rendered futile in case the anticipated correction goes above 1.2412, if this is case, then a acceleration towards 1.2725 is inevitable. Expect an exact opposite wave count in USDJPY, NZDJPY, CADJPY and a similar price action in EURUSD and GBPHKD.
Trade Recommedations:
If you're not short already, wait for minor pullbacks towards 1.24125 to go short with an ideal target at 1.2029.
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