GBPUSD Wave Analysis - 200 pips to the upside before Wave C
GBPUSD is still in correction mode. Market is forming some kind of flat correction.
We are currently in the wave 5 of the extended wave 3.
After that we should see a wave 4 correction before the final push to the upside.
Target of Wave 5 is the top of the channel, around the 1,32500 area.
After reaching the top of wave B we will the push to the downside with Wave C, which finishes the Wave 2 correction.
We are currently in the wave 5 of the extended wave 3.
After that we should see a wave 4 correction before the final push to the upside.
Target of Wave 5 is the top of the channel, around the 1,32500 area.
After reaching the top of wave B we will the push to the downside with Wave C, which finishes the Wave 2 correction.
