19.03.201909:43 Forex Analysis & Reviews: Wave analysis of GBP / USD for March 19. The couple is waiting for the EU decision to postpone Brexit

On March 18, the GBP / USD pair lost about 50 bp. After an unsuccessful attempt to break through the level of 100.0% Fibonacci, the instrument performed a move away from the reached maximums. After an unsuccessful attempt to break through the level of 100.0% Fibonacci, the instrument performed a move away from the reached maximums. However, the weak reduction rates suggest that the wave c in Y is incomplete. There is much Information which is strong enough to build a strategy for further trade. By and large, it was decided only to postpone Brexit to a later date, which 27 EU leaders still have to approve. Thus, the problem with the country's withdrawal from the EU has not been resolved, and negotiations are frozen. What happens after the postponement of Brexit, is still unknown.

Purchase goals:

1.3350 - 100.0% Fibonacci

1.3454 - 127.2% Fibonacci

Sales targets:

1.2961 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern assumes the construction of an upward wave with targets located near the estimated marks of 1.3350 and 1.3454, which corresponds to 100.0% and 127.2% of Fibonacci. However, the probability remains while that the upward wave is completed. As a confirmation on the execution of the current working variant, I recommend waiting for a successful attempt to break through the 100.0% Fibonacci level, which will make it possible to expect a new increase in the pound sterling.