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Cable Approaching A Potential Turning Point

Elliott Wave Financial Service
By Elliott Wave Financial Service

Cable is trading near 1.2180 area within wave five drop from 1.2568 which can be coming to an end. However, there is still room for a leg down to 1.2100 before we may get a strong turn. But as always, we need to see a rise in five small waves back to 1.2300 before we may confirm a turning point.

GBPUSD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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