Current wave: topping into wave ‘ii’ (black) Outlook: lower in wave ‘iii’ black, with a long way down to go. Possible shorting opportunity at the wave ‘ii’ black high. It was a good day for the GBPUSD wave count, and it always good to get a solid trade in the bag. after the last week of relentless selling and pressure coming on the wave interpretation, I think we are now possibly lined up to rally up to the upper target. all going well that is! on the hourly chart you can see the day started quite flat and then a blast to the upside in what could be labelled a wave ‘iii’ green given the structure of the action today. ... (full story)