GBP/USD H1 & H4 Update

If You just tried to trade my last signal in this pair - the Running Flat Possibility Area 1 - right now You should be 125pips in profit.

Right now I will count this as impulsive progression until proven otherwise.
The general idea is to buy the dips, like now: the pair might be soon  in wave 2 correction mode, we need one more push up to finish wave 5 I guess.

Please notice the bearish divergence as well.

More TPI to come.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-h4-update_17.html