GBP/USD reaches target like forecasted
GBP/USD has finished a 3-wave ABC move to the upside like analyzed prior (blue target). The pair could now be watched for reversals. However due to the news this pair has become very volatile so at the moment I would just watch from the sideline. It is possible that we get an overshooting in which case the pair could reach the second target (pink). Eitherway the blue targetzone or the pink targetzone are potential reversal points, overall the picutre remains bearish for the pair at this point in time.
