GBPUSD is undergoing a sharp and swift reversal to the upside, which is an indication that the previous five wave move to the downside is completed. As such we are tracking a three-wave rally as in waves A)-B) and C), which can see limited upside around the Fibonacci ratio of 61.8.
Disclosure:
Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Disclosure:
Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.