UnknownUnicorn5158708

GBPUSD: Retest of Key Levels Suggests Bullish Setup

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hi Traders,

GBPUSD will enter some corrective action in the forthcoming sessions following the impulse 1-2-3-4-5 sequence we've just witnessed. It is still to early to tell what type of correction will manifest. At a minimum, we can expect a 3-wave pullback (either simple or complex) and further continuation of the down trend. With this being said, we do not have a confirmed buy setup.

Regards,
Wave Theorist