Description
⋅ Looking at shorting GBPUSD down to 1.35338 to 1.34793 area.
Once price gets to that area, looking for that to trigger institutional longs to complete the 1-2-3-4-5 Weekly Wave cycle.
Looking for that to be the beginning of Wave 5 on the Weekly timeframe, with a swing target of 1.47000.
Invalidation level is 1.34116 (current low)
This last mini down move before a long move up should coincide with the DXY tapping the fair value gap on the Monthly timeframe.
Shortly after, should see DXY bearish continuation, correction complete.