01 Oktober 2020, GBP/USD
Wave Analysis
Just as previously anticipated the corrective wave (b) rallied significantly to the upperside but could not reach our target fixed around 1.30063. Today, we expect a possible continuation of the impulsive wave (b) to the upperside towards 1.30063. If the price breaks and closes above this level then we may see a rally much higher. A rebound from this level will mean we are heading to the lowerside with the impulsive wave (c) and should breakout below 1.24802 towards 1.22476.
Trade Recommendations:
Resell a rebound from 1.30063 with your target at 1.26779.