GBP/USD reached sell target 1.3000
- GBP/USD reached sell target 1.3000
- Next sell target - 1.2830
GBP/USD continues to fall – after the earlier breakout of the round support level 1.3000 (which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 1.3000 intensified the bearish pressure on this currency pair – accelerating the active minor impulse waves (iii) and 3 – both of which belong to the sharp intermediate impulse wave (3) from June.
GBP/USD is expected to fall further to the next sell target at the strong support level 1.2830 (which reversed the previous sharp impulse wave 1 in July, as can be seen below).