GBPUSD trading near to the imparttent support level on short term. As per wave count GBPUSD on more leg upside is possible WAVE 5 of c. FOR this count 1.2110 level act as invalidation level.
ENTRY & EXIT SIGNAL:
LONG @ 1.2180 -- SL 1.2110 -- TP -- 1.2330
GBPUSD price rejected by trend line but wave count still showing one more leg upside possible upto 1.2330 level. For this short term count Invalidation level 1.2110, GBPUSD fell below this level continue down trend.
Brexit matters are hard hitting for sterling. As per Wave analysis we can clearly see still Sterling trading on irregular corrective structure. I am expecting one more wave downside upto 1.1900 handle is possible.