GBPUSD – We continue to wait for the development of a bearish wave

17.12.2021

GBPUSD growth came as an unexpected surprise in the market. Quotes rose quite rapidly, but could not overcome the resistance level, which had previously influenced price formation.

If this happens now, then we should expect a fall, during which wave [c] of y will end. But it is not recommended to rush with sales, but wait for confirmation first in the form of a breakdown of the level of 1.3290.

Idea: Sales 1.3290, SL 1.3310, TP 1.3100.