GBPUSD – Growth is not expected

22.02.2022

The British currency fails to start a full-scale strengthening. Quotes remain in the area of the upper border of the correction range, which can already be considered a decline. This is due to the continuation of the correction, which is formed in the form of a zigzag. To consider this model complete, it is necessary to form a downward impulse wave C of [2].

Recommendations: Sales 1.3580, SL 1.3600, TP 1.3280.