Home Forex Analysis And Forecasts GBPUSD : Downtrend Has Extended To 1.4500-1.4550

GBPUSD : Downtrend Has Extended To 1.4500-1.4550

GBPUSD is at new low so obviously wave 4 is already completed at 1.4815 with another sharp correction. We see current price in wave 5, final leg within an extended wave 3) that can be underway towards 1.4550 area where we see some Fibonacci ratios that can act as a support. That said, traders must be aware of turn up into a new corrective rally as we approach end of the week.

GBPUSD, 4H

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