GBP/USD: plan and result

Context

The D1/H4 downward wave remains in place. The recovery from the lows has yet to reclaim the September breakdown area.

Fed speeches and UK/US PMI on 23 September are the key weekly events.

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Research scenario · For independent analysis · Not personal investment advice

Plan conditions

Confirmation: A new H1 entirely after publication: test of resistance at 1.33980–1.34070 and the same candle closes below 1.33970.

A return to resistance is a condition of this scenario. After confirmation, we consider Target 1 and Target 2.

Invalidation: H4 close above 1.34640.