GBP/USD |
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My wave count for GBP/USD is presented on the chart. I think there is a high possibility that the movement started from 1.4977 (high from 9 February) could hit a new record low below 1.3503 (low from 23 January). If this assumption turns out to be correct, we should see an impulsive fall. Wave 1 of it finished at 1.4137 and wave 2 started from there. One of the possibilities is that wave 2 is already over at 1.4604 and the current fall is beginning of wave 3 for the anticipated low below
Filed under: Technical
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