HI FRIENDS, 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.
Hello friends, 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.
Dax broke it neckline way before the correction started in US markets. After a drop now it is retesting the neckline. We can expect a correction from here again, BREXIT may be the trigger.