GBPUSD: Waiting for a selling opportunity

2017年10月23日

The British Pound seems to have complete a complete downward cycle made of 5 waves. The GBP/USD is building a correction phase which might come to an end around 1.34 and so, a reversal is to be expected. We cannot know for sure if the market is going to reach this cluster, but if it does, we might expect the GBP/USD to bounce off and go down. In this case, I will send the potential trading targets defined by using the Fibonacci levels.