Wave counting analysis:
During the November 21 trading session, the GBP / USD currency pair lost just a few points, so the current wave counting did not suffer any changes. I still await the completion of the construction of the correctional wave 2, C. If this assumption is true, then the increase in quotations will resume with targets located around 30 figures. The situation with Brexit has not changed or cleared up in recent days, and can still greatly affect the wave picture if negotiations fail or the British Parliament blocks Theresa May's proposals.
The objectives for the option with purchases:
1.2991 - 38.2% of Fibonacci
1.3175 - 0.0% of Fibonacci
The objectives for the option with sales:
1.2695 - 100.0% of Fibonacci
1.2637 - 261.8% of Fibonacci (senior grid)
General conclusions and trading recommendations:
The currency pair GBP / USD remains in the process of building an upward set of waves, but is growing very reluctantly. Wave counting, with a successful attempt to break through the level of 100.0% Fibonacci, will require changes. If the news background contributes to the pound sterling, then the pair will continue to rise from current positions with targets at around 1.2991. So now I still recommend small pair purchases.
