British Pound forecast as of 12/23/2008
GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3rd wave in the range of 1.2131 – 1.4315 in next several months.
Market move above 1.5700 makes it more likely that ZZ 2nd wave is not finished.
Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.
British Pound, Forecasts | Lilianne | 
December 23, 2008 9:34 pm
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