GBP/USD - 60 MIN CHART
WILL WE SEE 1.9181 IN THE NEAR TERM...

On the hourly chart, Cables already completed its 5 wave formation in the face of Downside i call it as a 5 Wabe Bear market, and then we've a Corrective wave for this entire fall from 1.9671 to 1.9181. In the meantime even we saw a Wave A and Wave B also. Earlier i'd predicted that Wave C might make a top at 1.9487 which is the 61.8% fibo resistence of 1.9671 to 1.9181 but the rally extened upto 1.9502. In the order to get the top of Wave C, it need to crack the 1.9395. If the 1.9502 is taken out then it'll try to make the top at 1.9566 which is the 78.6% fibo resistence of 1.9671-1.9181.