Analysis of wave counting:
Unable to continue the decline from the previous day, the GBP / USD pair started trading on Friday with a downward movement and returned to the level of 1.3150 at the end of the day.
Objectives for building a downward wave:
1.3063 - 61.8% Fibonnaci retracement
1.2900 - 1.3000
Goals for building an upward wave: 1.3148 - 76.4% by Fibonacci 1.3250
General conclusions and trade recommendations:
The British currency has undergone new adjustments on wave counting.
