British Pound / U.S. Dollar
Long
Updated

GBPUSD - One more leg lower before going up - Good R/R !

226
We are in wave v of a diagonal of higher degree wave (c), itself of ((b)) of an abc expanded flat.

Price should hold above 1.2268 for this count to be valid.

Look for support around 1.24 as a potential buy zone.
Red wave ((c)) should unfold as an impulsive wave higher with equal proportion as wave ((a)) or Fib relation to it.


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Note
Daily chart
snapshot
Note
Watch the outcome of the NFP data,
if it's better than expect, we should then see pullback, if not,then this move yp might have more room to go
snapshot

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