GBPUSD Wave Analysis 13 October, 2020
October 13, 2020 @ 17:25 +03:00
• GBPUSD reversed from resistance area
• Likely to fall 1.2845
GBPUSD recently reversed down from the resistance area lying between the resistance level 1.3075, upper daily Bollinger band and the 50% Fibonacci correction of the downward impulse (1) from August.
The downward reversal from this resistance area stopped the previous medium-term ABC correction (2).
GBPUSD is likely to fall further toward the next support level 1.2845 (low of the previous minor corrective wave B from the start of October).