Afternoon Traders,
As you know I have been yelling Parity at the top of my lungs since I've been on Tradingview, i'm sure some of you are sick of hearing it now! Most banks including now GS are targeting these lows, I would advise retailers to stay clear of GBPUSD and instead find opportunities on pairs like e.u.
Now likely a corrective 4th wave of a 5-wave from the August higher; potential to retrace between 1.0963 and 1.1033 (23.6 to 38.2%)
Eventually still see potential for one more decline towards 1.066 before some more euro relief.
GL
As you know I have been yelling Parity at the top of my lungs since I've been on Tradingview, i'm sure some of you are sick of hearing it now! Most banks including now GS are targeting these lows, I would advise retailers to stay clear of GBPUSD and instead find opportunities on pairs like e.u.
Now likely a corrective 4th wave of a 5-wave from the August higher; potential to retrace between 1.0963 and 1.1033 (23.6 to 38.2%)
Eventually still see potential for one more decline towards 1.066 before some more euro relief.
GL
