GBPUSD Wave Analysis - more downside potential

2020-01-19 16:38:27

GBPUSD is still on track with last analysis:


Wave B was retracing to 61% fibonacci level
We are currently in Wave C to the downside
Wave C and therefore wave 2 could correct very deeply, if an extension of wave c happens

https://www.tradingview.com/chart/GBPUSD/eRylFqZe-GBPUSD-Wave-Analysis/

First target is the 50% lvl, which is +250 pips away
Price should drop pretty easily there before any major upside is possible.


I think GBPJPY is the more promising pair at the moment see yourself:

https://www.tradingview.com/chart/GBPJPY/5sWTAjV3-GBPJPY-Wave-Analysis-sell-signal/