Analysis of wave counting:
After failing to test the level of the 28th figure on Wednesday, the GBP / USD pair resumed the development of the upward movement, adding around 300 points in price, and completed the breakout session at the level of 1.3100.
Objectives for a downward wave option:
1.2626 - 61.8% by Fibonacci
1.2536 - 76.4% by Fibonacci
Objectives for an upward wave option:
1.1570 - 161.8% by Fibonacci
General conclusions and trading recommendations:
The sterling pound continues to build an extended upward correction.
