GBPUSD selling after complement of B wave at 61.8FIB

Plus overbought. Possible retracement to closest resistance @ 1.2946.
The release of the UK's budget and the USA CPI tomorrow could make the fall steeper or reverse it, so trade with caution.

Yorum:

Retracing to 1.266 before dropping one more time.

İşlem kapandı: hedefe ulaştı:

Reached the C point. Looks like its a 3 wave in a downtrend, but first it will probably retrace to 1.26 after a day or two of consolidations.