GBPUSD DOWNSIDE INVALIDATED 12500 !!!

Previous analysis got in validated as 12165 now becomes support and upside still required for completion at double top 12500 or higher 12650-12720

Gbp still requires 1 more wave to complete upside at 12500 or 12530-12575 to complete.

11405-11920=1, 11920-11470=2, 11470-12485=3, 12485-12165=4, 5= ?? 12485(12500)double top or upto 12530-12575, if extending then higher to 12650-12690(12720)

Kommentera:

GBP got to upper price zone 12647 and down move in progress, support zones 12400-12345 or12265-12200 then expect a consolidation from either of these levels and
break below 12165 then lower price levels = 12075-11940 or 11880-11760.