SEE PREVIOUS LINK, GBPUSD has been in a consolidation zone for about 4 weeks it is nearing its 1 st price zone= 13200-13350 and this could potentially complete the D leg,
however there are other price zones higher above where the D leg could complete(see link).
At the moment it is nearing a consolidation/reversal zone, should it correct then the downside will likely be limited to the trendline around 12800
Break below this zone will target 12400-12500 zone however not the preferred price zone at this point.
however there are other price zones higher above where the D leg could complete(see link).
At the moment it is nearing a consolidation/reversal zone, should it correct then the downside will likely be limited to the trendline around 12800
Break below this zone will target 12400-12500 zone however not the preferred price zone at this point.
