GBP/USD: Correction Within Downtrend

 | Oct 08, 2015 03:57AM ET

Pound has moved to new swing high in the last few sessions, so looks like that market is making a three wave recovery from the low. Despite higher prices pair is in a corrective move of wave 2 that can find a top around 1.5330 resistance this week.

GBP/USD, 4H