GBPUSD- Is Above 1.3070-What Next?

FX_IDC:GBPUSD   British Pound / U.S. Dollar
107 0 5
Current Rate-1.3140

The fall from 1.3372 to 1.2864 will be retraced 61.8% in the zone 1.3180 to 1.3200 & there could be confluence zone of W=Y wave from bottom 1.2864 plus there is a channel if breaks downside -GU could start moving down in impulsive manner.

Abhishek             H.Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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