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harshjapee

GBPUSD might hit 1.3175 before reversing lower

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Libra Esterlina/Dólar Americano (FOREXCOM:GBPUSD)  
harshjapee  
FOREXCOM:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Wave Analysis GBPUSD Technical Analysis
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trendanalysis waveanalysis gbpusd technicalanalysis
GBPUSD has been working on its counter trend rally and managed to hit fibonacci 0.50 retracement around 1.3070/80 mark. It might have completed minimum requirement for a corrective wave but probabilities remain for another push through 1.3175 before finally reversing lower again. A drop below 1.2850 confirms a top in place.

Remain short, add more @ 1.3175, stop @ 1.3500, target @ 1.22

Good luck!
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