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JjohnsonBeGreat

GBP/USD Buy Set Up Wave Analysis Corrective Structure

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
JjohnsonBeGreat  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
7
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trendanalysis chartpattern waveanalysis
GBP/USD is in its final stages of a corrective structure. While there is a possibility that GBP/USD could go lower one more time to around 1.21000 the 38.2% Fibonacci level, It is also likely that we will take off to targets around 1.27000 from current levels. Either way the corrective structure that started on March 27th will come to a end soon, it have took the shape as a complex flat correction
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