GBP/USD Forecast. Continues with 1-2 Wave in Bearish Channel

gbp-l1The GBP/USD turned around at resistance and continued with the downtrend. Price remains in a downtrend as long as price stays below the trend lines (red).

The GBP/USD turned at the Fibonacci levels of wave 4 (orange). Price could now be building an extension within wave 5 (orange) unless price breaks above the 100% level of wave 2 vs 1 (grey).

4 hour

1 hour

Origin: Admiral Markets

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply