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harmonicpatterns
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1.3000 level has been a strong support for the past month. If EU doesn't grand UK extension next we could see GBPUSD suffer heavily
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Shark pattern near the 1.1500 resistance
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Running Triangle in construction (Wave B) then wave C to complete a big Zigzag
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Wait for confirmation of a bull move, currently forming a flag on H4
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- Final wave swing of the Leading diagonal (a) red degree .. which is expected to terminate at 1.1100 - 1.1200 region, also a 61.8% retracement of the 2017 swing from 1.0400 to 1.2558. - Next would be a corrective structure wave (b) red degree.. expected to terminate at 1.1700 -1.1800 region.
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