GBP/USD falling inside minor ABC correction 2

GBP/USD falling inside minor ABC correction 2

  • GBP/USD falling inside minor ABC correction 2
  • Next sell target - 1.3000

GBP/USD continues to fall inside the minor ABC correction 2 – which previously broke through the support zone lying between the key support level 1.3270 (former resistance level from August and September) and the 50% Fibonacci correction of the previous upward price impulse from the end of August. The breakout of this support zone accelerated the active ABC correction 4. GBP/USD is expected to fall further to the next sell target at the next round support level 1.3000.

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