Like all the other US denominated majors, Pound is in a 4th wave corrective cycle.
The current C wave may move to .382 fib of a minor wave 3 , allowing pound price in 1.35.
From there the pound moves steadily down to below parity with the 5th minor wave , to complete a primary C wave.
The current C wave may move to .382 fib of a minor wave 3 , allowing pound price in 1.35.
From there the pound moves steadily down to below parity with the 5th minor wave , to complete a primary C wave.