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Wait for a resell from 38.2% fib level.

Wait for a resell from 38.2% fib level. | 23 September 2020

23 September 2020, GBP/USD

Wave Analysis

The British pound continues to move to the lowerside perfectly in line with the previous day's forecast. As it is now, we are expecting a possible correction towards 38.2% fib level where we'll be looking for a possible long term sell position. Our targets will be 1.26940, 1.2560 and the next target is 1.2000. On this chart. As long as we continue to see sustenance below the 38.2% fib level, we expect nothing but a possible momentum to the lowerside. This is the continuation of impulsive wave (v) to the lowerside.

Trade Recommendations:

Wait for a resell from 38.2% fib level.

Bob Stan
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