GBPUSD – Downside inside the corrective structure will continue

01.03.2023

The option with the formation of a converging horizontal triangle in the second binding wave of the zigzag, the market was rejected. The price preferred to decrease in steps, making a step, and after it forming a sidewall. So far it fits into the double zigzag under consideration.
Thus, in the future we are likely to see another step down, which will lead to the completion of the development of the entire corrective pattern. The price will start to prepare for impulse growth.
In this regard, it makes sense to conclude sell deals at the current market values. The objectives in this case should be set small.

Recommendations: Sell 1.2010, SL 1.2030, TP 1.1900.