GBPUSD Daily 38 Touch and daily channel

Jan 21, 2018

GBPUSD has been steaming high however we can see a C wave ending diagonal forming right at the top where the 38Fib retracement of the last daily complete move. The 38Fib hasnt touched yet and still got to go a little higher. My view within this final top is that we are making a flat within the diagonal to make one more push up, touch the 38' Daily Fib retrace and shoot down to the bottom of the channel. Wait for a hard and fast move down within the next few days before consdiering entering.