Analysis of wave counting:
During the yesterday's trading, the pair GBP / USD was still able to continue the development of the downward movement and already reached the level of 1.3480 in the middle of the day. In this case, the internal wave structure of the 4th wave, in the 3rd, in the 5th, a, B, C, C, (A), took a completely completed form. If this is the case, then practically from the minimum of the past day, the currency pair may resume the growth of quotations and mark the beginning of the future 5th wave, in the 3rd, in the 5th, a, B, C. At the same time, prices to the level of 1.3300 with the prospect of even more complication of the 2nd wave, in the 5th, a, B, C, C, (A), continues to remain relevant.
The objectives for building the downward wave:
1.3480 - 11.4% of Fibonacci
1.3291 - 23.6% of Fibonacci
1.3200
The objectives for the construction of an upward wave:
1.3600 - 1.3700
General conclusions and trade recommendations:
The construction of the upward trend section continues, but the entire wave counting of the instrument is now ambiguous. It is now possible to resume the increase in quotations after the completion of the correctional wave 4, within wave 5, at 5, a, B, C, C, (C) with targets located about 36 and 37 figures. There is a high probability of complicating the wave 2, at 5, a, B, C, C, (C).