GBP/USD Eyes A Move Lower

GBP/USD Eyes A Move Lower

The GBP/USD pair has been recovering as expected, with three waves up in wave B on a 4 hour time frame which found a resistance later at 1.3268.

So far we can see a nice sell-off below the trendline support of a corrective channel which is an indication of more weakness in sessions ahead. Ideally, wave C is now underway down to the 1.28-1.29 area.



Tags