GBP/USD reversed from resistance zone
- GBP/USD reversed from resistance zone
- Next sell target - 1.3000
GBP/USD continues to decline - following the earlier downward reversal from the resistance level 1.3250 (which is the lower boundary of the powerful resistance area which reversed the pervious corrective waves (2) and 2, as can be seen below). The last downward reversal form this resistance zone created the strong daily Japanese candlesticks reversal pattern Evening Star.
GBP/USD is expected to fall further in the active impulse waves 3 and (3) (which belong to the primary downward impulse wave ③ from June) toward the next sell target at the round support level 1.3000.