This is an update for previous analysis. Here the 1st one. The 1st one still didn't break our Invalidation Level. Therefore, this setup still running. Just a little update on new Sub Wave to get clear picture of our entry level.
After our success analysis last week. The bullish mode may just came in. We are waiting for retracement R50/60 to make a move.
After we successfully hit our first TP at R57/60 , GBPUSD made an extended Wave 1. Some adjustment has been made to accurately forecast the reversal movement. Bullish still preferable this week unless it breaks our Invalidation Level. Good luck.
After our successful analysis last week, GBPUSD on it's way up. GBPUSD is predicted to ranging R57/67 to complete Wave 1. Minor wave calculated by Cluster Range. Probably this is my most complex analysis for now. May not be accurate. Just for study purpose. Most importantly, it is going to be bullish this week.
Last week, CADJPY breaks our R50/60 level. Most likely, it will pullback to a maximum R50/60 to reach R110/120. C0 may change. Keep update C0 to get accurate entry.
EURGBP break R57/67 level to make the way to R110/120 to complete our Cluster. Short selling is preferable here. The correction would be to R57/67 but depends on latest C0 level. But, the trend will still bullish. I'm pretty sure.
USDCAD breaks our R50. Probably it will go straight to R110/120. Our second opportunity are best at pullback of R50/60 with very tight Invalidation Level. Position may be closed at R90 or R50/60 ( If there are C0 reposition). Again, recount C0 again to get the accurate entry.
Short at 79.200 for R30 - R50/60 is the reasonable setup for completion to 78.200. We knew the Bearish trend is nearly over.