GBPUSD CONSOLIDATION 14000 !!!
GBPUSD has been in consolidation from 14350-13720 (600pip range).
from 14250 it has been in consolidation and currently at 14000, however it is forming a complex correction which still is incomplete.
Should the correction be in 3 waves then 13900-13800 probable, if 5 waves then could retest 13720 or lower.
There is another option where 13960 yesterdays low completed the consolidation and could setup for a cypher pattern where D= 14160-14180
14040-14070 = resistance.
from 14250 it has been in consolidation and currently at 14000, however it is forming a complex correction which still is incomplete.
Should the correction be in 3 waves then 13900-13800 probable, if 5 waves then could retest 13720 or lower.
There is another option where 13960 yesterdays low completed the consolidation and could setup for a cypher pattern where D= 14160-14180
14040-14070 = resistance.
