Nov. 8th – GBPUSD

The pair has made another low, but did not break our critical support level. So for now, we can keep our labeling and our expected view to turn bullish on this pair. The move down from (B) was very strong and swift, so to give confidence to our expectation, we want to see a 8 wave structure up, with some strong momentum.
For now, also on this pair, we wait until we get confirmation that the trend has resumed in our expected direction.