Analyst flags 9 bargain stocks in a ‘Black Friday’-style dip
GBP/USD fell sharply lower a few months back after vote counts for EU membership showed that UK wants to leave the Euro zone. Pair fell to a new low which was technically expected as you know since we counted bounce from 1.3850 as a corrective fourth wave, so the final wave V was in store. As we see now price made a nice little turn from the lows, which could be the beginning of a new bullish sequence at least temporary, meaning that three wave bounce can take price higher.
If price breaks beneath the wave C) low, then wave V could still be unfolding.
GBP/USD, Daily
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