GBPUSD tagged 12296 which was within R=12280-12310 and is consolidating currently at 12170's, lower consolidation zone 12140-12120 and also a decider for either a break down to 12075 and lower to T1=12075-11940 or T2=11880-11760.
FROM 12642-12266-12467-12075-12296= 1,2,3,4 & 12296-??=5 therefore 5= 11900-11880 where all 1,3,5 will be equal.
The other alternates: 12642-12266-12467-12075= X,A,B,C, D=?? therefore D=12426(62%*XA),12522(78%*XA)
Caution, price at the upper range of T1= 12370-12410 next target T2=12425-12470 at T2 PRICE will be equal (12247-2647)=(12075-12475) 400pips. see chart with probable count's which can alternate depending on different opnions. 1,2,3,4,5/a,b,c,d,e/wxy/wxyxz/a,b,c etc