Wave counting analysis:During the November 19 trading session, the GBP / USD currency pair added just a few points and made an unsuccessful attempt to break through the Fibonacci level of 61.8%. Thus, there are again reasons to assume a significant complication of the downward trend. However, this option will be very likely, if from the UK and will continue to receive negative news regarding Brexit. If the parliament accepts the conditions of Theresa May and, thus, there are no new obstacles for an orderly exit of the country from the EU, the pair can still build an upward wave c with targets above 32 figures.The objectives for the option with purchases:1.3175 - 0.0% of FibonacciThe objectives for the option with sales:1.2695 - 100.0% of Fibonacci1.2637 - 261.8% of Fibonacci (senior grid)General conclusions and trading recommendations:The GBP / USD currency pair remains in the process of building an upward set of waves, but the wave marking, if successfully attempted to break through the 100.0% of the Fibonacci level, will require making adjustments. So far, the chances of building this rising wave remain. I recommend buying a pair with the aim of 1.3175 in small volumes, not forgetting about protective orders.
