GBPUSD is unfolding into a corrective drop A-B-C towards 1.2200, after having print highs around 1.3500 on September 01, 2020. Further, the currency might have terminated Wave A around 1.2765 mark. Wave B might be unfolding as an expanded flat and terminate towards 1.3000 or push further through 1.3150/80 resistance zone. Either way, GBPUSD is expected to resume Wave C lower towards 1.2200 mark anytime soon. Good to sell on rallies.
Remain short, stop @ 1.3500, target @ 1.2200
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