GBPUSD Wave Analysis - more downside potential
GBPUSD is still on track with last analysis:
I think GBPJPY is the more promising pair at the moment see yourself:
- Wave B was retracing to 61% fibonacci level
- We are currently in Wave C to the downside
- Wave C and therefore wave 2 could correct very deeply, if an extension of wave c happens
- First target is the 50% lvl, which is +250 pips away
- Price should drop pretty easily there before any major upside is possible.
I think GBPJPY is the more promising pair at the moment see yourself:
