Wave counting analysis:During the November 16 trading session, the GBP / USD currency pair gained about 50 basis points. Thus, the chances that in recent days, we have seen the construction of a complicated wave of an uptrend trend, have slightly increased. If this is indeed the case, then the increase in quotations will continue as part of the wave with targets around 1.3175. A successful attempt to break through the level of 100.0% will lead either to a complication of the downward trend section or to the construction of a side wave structure.The objectives for the option with purchases:1.3175 - 0.0% of FibonacciThe objectives for the option with sales:1.2695 - 100.0% of Fibonacci1.2637 - 261.8% of Fibonacci (senior grid)General conclusions and trading recommendations:The GBP / USD currency pair remains in the process of building an upward set of waves, but the wave marking, if successfully attempted to break through the 100.0% of the Fibonacci level, will require making adjustments. So far, the chances of building a rising wave remain. Thus, in very small amounts, I recommend buying a pair with a target of 1.3175 but do not forget about the protective order.
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