Here is my continuation analysis of GBPUSD. On my last analysis of GBPUSD, I was expecting that GBPUSD will go deeper for the retracement phase. But as we can see, last week GBPUSD retracement only until the 1.4070-1.4775 area. That indicates GBPUSD will not go down as deep as I count. For next week, I believe GBPUSD will start the journey to the upside again with the closest target is 1.4200 - 1.4225 area and completing my subwaves 3 counts around 1.4320 - 1.4350 area.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
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