Analysis of wave counting:

During yesterday's trading, it is expected that the repeated testing of the mark of 1.3150 will lead to the rebound of the pair GBP / USD price by more than 100 pp from the maximum reached in the middle of the day. It can be assumed that the currency pair completed the 3rd wave and moved to the stage of forming the 4th wave, in the 3rd, 5th, 3rd or C. The development of which may lead to a further decline up to the level of the 30th figure. At the same time, there is a possibility of a significant complication of the internal wave structure of the 3rd wave, in the 3rd, 5th, 3rd or C and the resumption of the growth of quotations to around 1.3250, practically from the low of the previous day.

Objectives for a downward wave option:

1.2900 - 1.3000

Objectives for an upward wave option:

1.3148 - 76.4% by Fibonacci

1.3250

General conclusions and trading recommendations:

The British currency has undergone new adjustments to wave counting. At the moment, the quotations are expected to increase within wave 3, 5, 3 or C with targets located near the mark of 1.3148, which corresponds to 76.4% of Fibonacci, and above about 1.3250. The upward corridor preserves the prospects for building an uptrend section of the trend. The breakthrough of its lower forming line will lead to the idea of the tool's willingness to build a downward trend section.