20.09.201815:04 Forex Analysis & Reviews: Wave analysis of GBP / USD for September 20. The pair shows a readiness to decline

Analysis of wave counting:

During the trades on September 19, the GBP / USD currency pair showed both growth and decline. An unsuccessful attempt to break through the 161.8% mark on Fibonacci suggests that the pair is ready to complete the upswing, presumably 3. If this is the case, then today, the quotations will begin to fall with targets located near the estimated level of 200.0% the oldest Fibonacci grid. The breakthrough of the lower generatrix, the upward corridor of the line, also warns of readiness to decline.

The objectives for the option with purchases:

1.3181 - 161.8% of Fibonacci

1.3275 - 200.0% of Fibonacci

The objectives for the option with sales:

1,3049 - 200.0% of Fibonacci (the highest grid)

1.2636 - 261.8% of Fibonacci (the highest grid)

General conclusions and trading recommendations:

The GBP / USD currency pair supposedly completed the third wave. Thus, in small volumes, it is now possible to sell a pair with targets that are around 1.3049. A successful attempt to reach the mark of 1.3181 will indicate the incompleteness of wave 3 and the readiness of the instrument for further increase with targets located near the calculated mark of 1.3275, which is equivalent to 200.0% of Fibonacci.