GBPUSD: water aspects of crisis
As reported by Market Leader (US)
Lately Coca-Cola has announced that it is going to stop the production of Malvern Water, which has been enjoyed by royalty for centuries and is the only brand served at the Queen’s castles and palaces. It was enjoyed by Queen Elizabeth I and Queen Victoria as well. Queen Elizabeth II has taken it with her to various trips until recently.
Meanwhile the H2 FZR that was formed by GBPUSD last Tuesday has recently defined the correction against the previous downward wave of level H8. At the moment the bullish correction is more than 50% of the downward wave. More read...