GBP/USD reached sell target 1.3000
- GBP/USD reached sell target 1.3000
- Next sell target - 1.2840
GBP/USD today broke below the round support level 1.3000, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level continues the active minor impulse wave (iii) – which began earlier – when the pair reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance zone surrounding the pivotal resistance level 1.3400.
GBP/USD is expected to continue to fall in the active impulse waves (iii), 3 and (3) toward the next sell target at the support level 1.2840 (which stopped the previous impulse wave 1 in July).