November 01, 2011 9:37:03 AM by
Peter
Gbp/Usd 1 Hour Chart
Tuesday, 1 November 2011 at 3:20:00AM AEST
Cable reversed significantly from the lows in the past few hours, and already broke through a top from the past week. Currently, wave (C) appears to be in progress, which may find a pick very soon. Keep in mind that wave (C) is a final leg of a huge wave Y of E)! Resistance comes in at 1.6150, 16200 and 1.63! An impulsive fall from any of that levels will suggest that top is in!

Forex GBPUSD Elliott Wave