Hello,
GBPUSD is in the midst of correcting itself (50%) from its previous impulse move,
We will be targeting to trade the 5th wave as current price levels have hit support (38.2%) and we are looking for price to continue onwards to 1.34254 (1:1 of 1st wave of correction)
Release of Current Account data and Final GDP q/q, could futher pushGBPUSD past the 1.3200 handle.
However, should price break past this support, we should see a continuation of the bearish pattern from 1.43762-1.26637
Good Luck
Resistance: 1.3130, 1.31605, 1.32000
Support: 1.30480, 1.29520, 1.29800
GBPUSD is in the midst of correcting itself (50%) from its previous impulse move,We will be targeting to trade the 5th wave as current price levels have hit support (38.2%) and we are looking for price to continue onwards to 1.34254 (1:1 of 1st wave of correction)
Release of Current Account data and Final GDP q/q, could futher push
GBPUSD past the 1.3200 handle.However, should price break past this support, we should see a continuation of the bearish pattern from 1.43762-1.26637
Good Luck
Resistance: 1.3130, 1.31605, 1.32000
Support: 1.30480, 1.29520, 1.29800
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.