GBPUSD outlook

Mar 10, 2020

arcWatcher signal has now indicated a possible topping of the move higher that developed from the February bottom at 1.2725. Assuming that the general uptrend stays intact, this move higher may have formed wave (i) or (a), which may now be due for a correction lower. Watch for exhaustion signs in the smaller time frames if the price attempts to retest yesterday's high of the day.