A B wave low is in place for the GBPUSD. The GBPUSD soared through the top of the channel that contained wave B and the target for the pair is above 1.50 (wave B origin). A triangle is still possible but I favor the flat for reasons that I mention in the special report (see the link). Near term, Cable is accelerating in wave 3 of C and price should remain above 1.4156. The best strategy is to buy pullbacks against that level. I will post alerts at dailyfx if I see such an opportunity.
