GBPUSD bulls inclined to push through 1.3175/1.3200 ?
Bottom line: GBPUSD remain in control of bears until below 1.3488 handle.
Technical analysis: GBPUSD might be underway towards 1.3175/1.3200 levels, to terminate the corrective wave which began from 1.2675 mark. A potential zigzag seems to be underway with Wave C in progress since 1.2850/60 lows yesterday. The earlier drop between 1.3488 and 1.2675 could be Wave A or 1, a corrective wave is underway towards 1.3175/1.3200 handle before the drop resumes. Ideally 1.2675 should hold in the near term.
Remain short, add more around 1.3175/1.3200, target is open.
Good luck!
Technical analysis: GBPUSD might be underway towards 1.3175/1.3200 levels, to terminate the corrective wave which began from 1.2675 mark. A potential zigzag seems to be underway with Wave C in progress since 1.2850/60 lows yesterday. The earlier drop between 1.3488 and 1.2675 could be Wave A or 1, a corrective wave is underway towards 1.3175/1.3200 handle before the drop resumes. Ideally 1.2675 should hold in the near term.
Remain short, add more around 1.3175/1.3200, target is open.
Good luck!