meszaros
Short

GBPUSD raises upward correction...

FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD raises upward correction. The main exchange rate is declining. This can be seen from the fact that the correction waves are of equal magnitude. In the upward trend, the correction waves are halved and the mainstream waves double. This is not visible here. The exchange rate reached the top of the third correction wave. Therefore, we expect a drop in this level. The reduction is initially expected for two correction waves. So our first target price is 1.25609 level environments. Our second target price is 1,21411 levels.
1.33871 long
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meszaros Arm01566
@Arm01566, Be right. Based on the calculated wave strategy I do not believe in any further rise.
Thank you for your comment.
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