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UnknownUnicorn5158708
Dec 23, 2019 2:07 PM

GBPUSD: Retest of Key Levels Suggests Bullish Setup Long

British Pound/U.S. DollarFXCM

Description

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
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