Wave analysis GBP/USD for January 8

Wave counting analysis:

On January 7, the GBP / USD pair added about 65 bp more. In the future, 3 or c. The instrument came close to the wave of 2 or b. From this, I’m looking for a wavelength of 100.0% and 127.2% fibonacci. However, after that we’ve been waiting for the UK.

Shopping goals:

1.2815 – 0.0% Fibonacci

Sales targets:

1.2385 – 127.2% Fibonacci

1.2270 – 161.8% Fibonacci

General conclusions and trading recommendations:

GBP / USD pair is close to completion of wave 2, at 3 or s. Therefore, I’m not sure why I’m not happy, but I’m not sure, but I’m not sure if I’m not happy. the current wave marking and further enhance the tool.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Wave analysis of GBP / USD for January 8. The pound sterling can again begin a strong fall.