meszaros

GBPUSD raises upward correction...

Short
FX:GBPUSD   Livre sterling / Dollar américain
GBPUSD raises upward correction. The main exchange rate is declining. This can be seen from the fact that the correction waves are of equal magnitude. In the upward trend, the correction waves are halved and the mainstream waves double. This is not visible here. The exchange rate reached the top of the third correction wave. Therefore, we expect a drop in this level. The reduction is initially expected for two correction waves. So our first target price is 1.25609 level environments. Our second target price is 1,21411 levels.

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