On the daily chart, GBPUSD appears to have completed an upward correction in the form of a Zigzag (Wave A equals wave C). Now, we seem to have either completed or are finalizing the first five-wave structure downward (1H), signaling a potential trend shift.
After a short-term corrective retracement, I anticipate a continuation of the decline, confirming the bearish outlook for the pair
After a short-term corrective retracement, I anticipate a continuation of the decline, confirming the bearish outlook for the pair
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.