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yancapital
Nov 23, 2018 5:15 PM

$GBPUSD Target 1.16 Short

British Pound/U.S. DollarFXCM

Description

It is extremely possible to rebound to level 1.30 - 1.31 and further down

The first target is 1.16-1.14
Comments
lehlogonolo
Maybe mine target is quite modest, Here is the https://lookhttps://www.tradingview.com/chart/GBPUSD/JRWqiQb6-GBPUSD-Is-Surruonded/
yancapital
@lehlogonolo, Generally, wavelengths are interconnected. In this forecast, we have assumed that wave 3 is equal in length to wave 1, despite the fact that, as a rule, wave 3 should be longer than wave 1
In your analysis, of course, the red zone is a support line, and perhaps we should expect consolidation in this range, but I'm afraid this consolidation will be quick in time and weak in rebound
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