Previous analysis got in validated as 12165 now becomes support and upside still required for completion at double top 12500 or higher 12650-12720
Gbp still requires 1 more wave to complete upside at 12500 or 12530-12575 to complete.
11405-11920=1, 11920-11470=2, 11470-12485=3, 12485-12165=4, 5= ?? 12485(12500)double top or upto 12530-12575, if extending then higher to 12650-12690(12720)
Gbp still requires 1 more wave to complete upside at 12500 or 12530-12575 to complete.
11405-11920=1, 11920-11470=2, 11470-12485=3, 12485-12165=4, 5= ?? 12485(12500)double top or upto 12530-12575, if extending then higher to 12650-12690(12720)
Note
GBP got to upper price zone 12647 and down move in progress, support zones 12400-12345 or12265-12200 then expect a consolidation from either of these levels and break below 12165 then lower price levels = 12075-11940 or 11880-11760.
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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.