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In my previous post I talked about a wave count in the GBPUSD. The count showed a potential completion of the last leg down in the piar. Today we see the pair once again turn bearish to retest lows.
I will be keeping an eye on this 88.6% Fib to see if it holds the downside. The momentum so far looks quite strong to the downside. But unless price breaks here, the view remains that the down cycle has finished.
I will be keeping an eye on this 88.6% Fib to see if it holds the downside. The momentum so far looks quite strong to the downside. But unless price breaks here, the view remains that the down cycle has finished.
