GBPUSD – March 20th, 2020

GBP/USD, 2Days chart. Bears have delivered a new low, so the main wave count has been updated. It seems like we’re going to have a downward diagonal, which is about to end. If correct, the price could test the pattern’s lower side soon. If a pullback from this line happens next, there’ll be a moment to have, at least, a local upward correction.

GBP/USD, 2Hours chart. Wave (B) has finished as an expanding triangle, which is a quite rare pattern. For now, a bearish impulse in wave (C) could continue. The third wave is almost over, but we’re likely going to have waves 4 and 5 in the coming days.

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