Wave counting analysis:
On January 15, the GBP/USD pair lost about 10 bp, despite the fact that during there were ups and downs of more than 200 bp the day. The wave pattern due to yesterday's strong up and down jerking is broken and now looks not entirely unequivocal. News background can not be said as the reason that supported the pound or dollar. Brexit ordered Theresa May's plan will not be accurate, but in the coming days, I'll keep track of any information from the UK about what will happen next. Parliamentary elections? Theresa May's leaving? New referendum? Tonight a new vote should be already held in Parliament. This time on the issue of mistrust to Theresa May, which could end with her resignation.
Shopping goals:
1.2997 - 76.4% Fibonacci
Sales targets:
1.2716 - 38.2% Fibonacci
1.2609 - 23.6% Fibonacci
General conclusions and trading recommendations:
The GBP/USD pair continues to build the upward trend. The wave picture is now confused, and given the importance of current events in the UK and the events that are yet to come to fruition, there are grounds for suggesting new tool to jerk in different directions that are difficult to predict. Thus, I recommend that in the coming days you should watch the situation more.
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