Analysis of wave counting:
During the trades on September 24, the GBP / USD currency pair gained several tens of basic points. Nevertheless, there are no signals to complete the construction of the proposed wave 4. Rather, wave 4 begins to take the form of a 3-wave corrective structure with targets located under the 30 figure. If this is true, then the decline in quotations will resume in the near future. An unsuccessful negotiations between the EU and Britain will provide fundamental support to the dollar.
The objectives for the option with purchases:
1.3301 - 161.8% of Fibonacci (the senior grid)
The objectives for the option with sales:
1.3041 - 50.0% of Fibonacci
1.2982 - 61.8% of Fibonacci retracement
General conclusions and trading recommendations:
The currency pair GBP / USD continues to build the proposed corrective wave 4. Rollback was upstairs, so I recommend to sell the pair with targets located near the settlement marks of 1.3041 and 1.2982, which corresponds to 50.0% and 61.8% of Fibonacci. An unsuccessful attempt to break one of the two calculated targets will indicate the pair's readiness to complete the construction of the downward wave.
