In our previous post about GBP/USD, we said that the pair has two more baby waves to complete the subwave (c). Market has proved us right, and Cable looks good to go futherdown towards 1.9841. Maybe, this level will not be hit if the correction has completed. The pair are much driven by the EUR/GBP pair, where we can see Euro strengthen against Cable tremendously after taking a long consolidation. So, in the next move, IF the corrective moves has completed, we might see another 5 waves up. Today, we will see 3 Fundamental News Coming up for Cable.| Currency | Impact | Forecast | Previous |
| 4:30pm | GBP | CPI y/y |  | 1.9% | 1.9% | |
| 4:30pm | GBP | Core CPI y/y |  | 1.8% | 1.7% | |
| 4:30pm | GBP | RPI y/y | | 3.9% | 3.8% |
** Times are in Malaysian Time (GMT +8)
THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.
Elite Bisnes Team
