On Friday`s session the pound unfolded towards the downside as expected and the first target was reached and exceeded by 7 pips.
We are updating the main count according to the latest price action and as well adding an alternate count which expects that wave ii orange is incomplete. It is worth mentioning that waves degree within wave iii pink will be adjusted accordingly as wave iii pink continue unfolding towards the upside.
It should be noted that a second alternate count expecting that wave 5 blue is unfolding as an ending diagonal exists, that count would be presented once it has higher probabilities.
As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.