GBPUSD selling after complement of B wave at 61.8FIB
Updated
Plus overbought. Possible retracement to closest resistance @ 1.2946.
The release of the UK's budget and the USA CPI tomorrow could make the fall steeper or reverse it, so trade with caution.
The release of the UK's budget and the USA CPI tomorrow could make the fall steeper or reverse it, so trade with caution.
Note
Retracing to 1.266 before dropping one more time.Trade closed: target reached
Reached the C point. Looks like its a 3 wave in a downtrend, but first it will probably retrace to 1.26 after a day or two of consolidations.
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