The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.3026.
Main scenario: long positions will be relevant from corrections above the level of 1.3026 with a target of 1.3275 – 1.3387.
Alternative scenario: breakout and consolidation below the level of 1.3026 will allow the pair to continue declining to the levels of 1.2819 – 1.2700.
Analysis: Supposedly, a descending correction of senior level in the form of the zigzag-shaped second wave (2) finished developing on the daily time frame. On the H4 time frame, wave (3) has started forming, with the first wave...
Read full author’s opinion and review in blog of #LiteForex